Pakistan stocks shed 113 points on tough conditions

Pakistan stocks shed 113 points on tough conditions

KARACHI: Pakistan stocks declined by 113 points on Tuesday as tough economic conditions forced the market to trade in range bound trajectory.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,766 points from previous day’s closing of 41,879 points, showing a decline of 113 points.

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Analysts at Topline Securities Research said Pakistan equities closed on a negative note where benchmark KSE-100 Index settled at 41,765 level (down 0.27 per cent).

“Tough economic conditions let the market to trade in range bound trajectory where KSE100 Index traded in a range of 535 points as market make an intraday high of 271 points and a low of 264 points,” the analysts added.

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LUCK, NESTLE and POL were the major gainers in today’s trading session cumulatively added 71 points, where on the flip side FFC, BAHL and PSO were the major decliner cumulatively dented the Index by 77 points.

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Around 257 million shares traded today at the bourse while total value clocked in at Rs7.7 billion. KEL was the volume leader of the day with trading of 28 million shares in it, today.

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