Stock exchange sheds 109 points in range bound trading

Stock exchange sheds 109 points in range bound trading

KARACHI: The stock exchange fell by 109 points on Friday amid range bound trading activities during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,477 points as compared with previous ending 44,586 points.

Analysts at Topline Securities said that range bound activity was observed at the bourse today, as the index traded between its intraday high of 84 points and intraday low of 248 points to finally close at 44,477 points.

Major contribution to the index came from SYS, HBL, COLG, BAHL and MCB, as they cumulatively contributed 108 points to the index, whereas LUCK, HUBC, FFC, CHCC and TRG lost value to weigh down on the index by 90 points.

Traded volume and value for the day stood at 176 million shares and Rs.6.84 billion respectively. WTL was today`s volume leader with 18.5 million shares.

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