KARACHI: Pakistan stocks ended down by 32 points on Thursday in slugging trading session during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 39,848 points as compared with previous day’s closing 39,880 points.
Analysts at Arif Habib Limited said that the PSX witnessed a mixed session during the day.
READ MORE: Pakistan stocks plummet by 434 points on negative sentiments
The benchmark KSE-100 opened in the green but traded both ways activity remained sluggish throughout the trading session. Investors opted to remain side line on account of the impending delay in the signing of staff level agreement (SLA) between the government and IMF along with the prevailing political uncertainty effecting investors’ confidence.
Volumes across the board remained decent, while the 3rd tier stocks stayed in the limelight.
READ MORE: Weekly Review: PSX investors’ sentiments linked to IMF program
Sectors contributing to the performance include Miscellaneous (-37.9 points), Technology & Communication (-23.4 points), Inv. Banks / Inv. Cos. / Securities Cos. (-12.8 points), Fertilizer (-12.6 points), and Food & Personal Care Products (-8.8 points).
Volumes decreased from 108.8 million shares to 88.7 million shares (-18.5 per cent DoD). The average traded value increased by 24.1 per cent to USD 14.0 million as against USD 11.3 million.
Stocks that contributed significantly to the volumes are TELE, PAEL, ENGRO, WTL & AGHA.
READ MORE: Pakistan stocks fall 202 points as IMF program delay haunts investors
