The Pakistan Inventory Trade ended Tuesday’s erratic buying and selling session on a barely damaging observe, with the benchmark KSE-100 index shedding 26 factors, or -0.05 per cent in intraday buying and selling to achieve 48,628 after dipping as little as 48,073.
“Market sentiment stays damaging as buyers are cautious from the pending verdict within the Panama Case in addition to the regulatory motion being taken towards the badla system,” stated a industrial financial institution official, who didn’t wished to be named.
The session marked the fourth consecutive buying and selling day which has seen the benchmark index shed factors as buyers stay reserved as a result of declining oil costs, whereas regulatory crackdowns together with the pending verdict within the Panama case weigh in on market sentiment as properly.
The volumes have been led by industrial banks and cement shares because the market settled because the market oscillated from shedding greater than 500 factors to settling at settling at a lack of simply 26 factors.
Greater than 92.6 million shares modified palms by the center of the session, with a complete value of almost Rs 9.49 billion.
Shares of 324 corporations have been traded, of which 71 gained in worth, 239 declined and 14 remained unchanged.
Volumes have been led by:
TRG Pak Ltd: 14.3m shares traded [+1.92pc];
Go well with North Fuel: 12.1m shares traded [+0.85pc];
Energy Cement Ltd: 11.9m shares traded [+5.46pc];
Okay-Electrical: 10.8m shares traded [+1.05pc]; and,
Financial institution of Punjab: 8.76m shares traded [-1.40pc].