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Today's Paper | November 25, 2024

Published 22 Sep, 2017 07:04pm

PSX closes flat as volumes remain low

The Pakistan Stock Exchange (PSX) fell flat on the closing day of the week, with the benchmark KSE-100 Index paring 25 points to close at 42,750 on Friday.

Sliding to a day's low of 42,572 early in the session, the index hit a high of 42,921 points just before the conclusion of the first session as volumes remained tight.

Uncertainty on the political and economic fronts played a key role in sluggish trading and the bearish close, analysts at Elixir Securities and Arif Habib Corpration said.

Clost to 132 million stocks worth Rs5.45 billion were traded on the exchange, with 167 of the 363 traded symbols advancing while 170 retreated and 26 remained unchanged.

The rechnology sector dominated trading with 24.4m shares traded, while power and textile followed with 12.5m and 11.7m shares traded, respectively.

Volumes were led by:

WorldCall Telecom: 17.6m shares traded [+2.62pc]

Engro Polymer: 8.9m shares traded [+3.03pc]

K-Electric Ltd: 6.8m shares traded [+0.48pc]

Dewan Motors: 6.4m shares traded [+4.82pc]

B.O.Punjab: 6.3m shares traded [-1.87pc]

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