KARACHI: Pakistan stocks ended down by 195 points on Thursday as the market remained range bound throughout the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,481 points as compared previous day’s closing of 43,676 points, showing a decline of 195 points.
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Analysts at Arif Habib Limited said that the market remained range bound throughout the day as investors opted for profit taking.
The benchmark KSE-100 index opened in the green zone but profit taking was witnessed by the market participants that pulled the index down to 286 points. Refinery and cement sector remained in the limelight.
READ MORE: Stocks shed 185 points amid profit taking
Sectors contributing to the performance include Technology (-59.2 points), Fertilizer (-33.3 points), E&P’s (-27.0 points), Power (-21.8 points) and Engineering (-18.8 points).
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Volumes increased from 607.9 million shares to 621.2 million shares (+2.2 per cent DoD). Average traded value decreased by 5.7 per cent to reach US$ 48.8 million as against US$ 51.8 million.
Stocks that contributed significantly to the volumes are WTL, CNERGY, KEL, PRL and PIAA.
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