The Pakistan Stock Exchange (PSX) KSE-100 index lost 3.42 points or 0.01pc to close at 49,016.79. Trading at the bourse remained range-bound today in an atmosphere of improving market participation.
An upside contribution of 53 points from Millat Tractors Limited (+4.7pc), Bank of Punjab (+12.7pc) and JDW Sugar Mills Limited (+4.7pc), was offset by a negative contribution of 55 points from K-ELectric (-5.2pc), United Bank Limited (-0.9pc) and Habib Bank Limited (-0.3pc).
Power generation and banking sectors were the volume leaders, with the benchmark index witnessing an intraday high of 49,147 points, before receding to its closing position of 49,016 points. K-ELectric and Bank of Punjab led the volumes with a combined total of 79m shares traded. Other volume leaders were:
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Azgard Nine: 22.9m shares traded (+7.80pc);
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Power Cement Ltd.: 18.7m shares traded (+2.95pc); and,
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Dost Steels Ltd.: 13.1m shares traded (+2.35pc).
Stocks of 382 companies were traded on the PSX, out of which 203 stocks gained in value, 165 stocks declined, and 14 stocks remained unchanged. A total number of 131.7m shares were traded, worth nearly Rs 9b.
