KARACHI: The stock market fell by 81 points on Thursday in a range bound trading activity during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,230 points as compared with previous day’s close of 45,311 points, showing a decline of 81 points.
Analysts at Topline Securities said that Pakistan equities closed slight negative with benchmark KSE-100 Index settling at 45,230 level.
Range bound activity was witnessed throughout the day where KSE-100 Index moved between intraday high and low of 136 and 137 points respectively. Investor interest was mainly witnessed in blue chips stocks.
OGDC, FFC and ENGRO were the major gainer in today’s trading session. Investors opted to tread with caution amid the ongoing rise in COVID19 cases and upcoming result season.
Activity in the wider market was relatively dull as Rs.12.58 billion worth of shares exchanged hands, down 24 percent on DoD basis. The volume leader for today was TELE with 73.57mn shares exchanging hands.
