Stocks end flat amid lackluster trading activity

Stocks end flat amid lackluster trading activity

KARACHI: Pakistan stocks ended down by 31 points on Monday amid lackluster trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,761 points from last Friday’s closing of 42,730 points, showing an increase of 31 points.

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Analysts at Arif Habib Limited said that a range bound session was witnessed at the PSX during the day.

The KSE-100 index opened in a positive note but lack of investors’ confidence dragged the index to trade in a narrow range.

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Main board volumes remain dry although decent volumes was observed in the third tier stocks.

Sectors contributing to the performance include Technology & Communication (+97.0 points), Commercial Banks (+17.0 points), Miscellaneous (+9.7 points), Transport (+6.4 points), Oil & Gas Marketing Companies (+6.0 points).

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Volumes decreased from 189.3 million shares to 132.9 million shares (-29.8 per cent DoD). The average traded value also decreased by 9.7 per cent to USD 20.5 million as against USD 22.6 million.

Stocks that contributed significantly to the volumes are. WTL TRG UNITY GCIL & GGL.

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