KARACHI: Pakistan stocks ended down by 91 points on Wednesday in mixed trading session observed during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 40,539 points from previous day’s closing of 40,630 points, showing a decline of 91 points.
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Analysts at Arif Habib Limited said that another mixed session was witnessed at the PSX during the day.
The market started in the red but quickly turned green and traded in a constrained range the whole trading day as a result of uncertain economic conditions.
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Comparatively, mainboard volumes dropped while third-tier companies continued to dominate the volume board.
Sectors contributing to the performance include E&P’s (-49.4 points), Commercial Banks (-36.5 points), Power Generation & Distribution (-17.7 points), Engineering (-8.6 points), and OMCs (-70. points).
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Volumes decreased from 201.1 million shares to 142.9 million shares (-28.9 per cent DoD). The average traded value also decreased by 12.9 per cent to USD 19.1 million as against USD 21.9 million.
Stocks that contributed significantly to the volumes are DFML, SSGC, ASCR2, SNGP and WTL.
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