Stock market ends down by 101 points in lackluster trading activity

KARACHI: The stock market ended down by 101 points on Tuesday due to lackluster trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,175 points as against 40,277 points showing a decline of 101 points.

Analysts at Topline Securities said that the market continued with its momentum in terms of lackluster activity.

Index traded sideways making an intraday high of +324 points and intraday low of -211 points to finally close at 40,175 level.

Traded volume declined further to 92 million shares, whereas traded value improved slightly on DoD basis by 11 percent to Rs.4.9 billion.

Unity was volume leader for the second consecutive day of the week, as more than 13 million shares of the company changed hands during the trading activity.

PSO in the oil marketing sector declared its 2QFY20 result in which it posted EPS of Rs.6.19 for the quarter which was largely in line with expectation.

Leave a Reply

You have to agree to the comment policy.