No Script Javascript is disabled. Please enable it for better working experience.
Advertisement
Saturday 25 May, 2024
Advertisement

PSX starts the week poorly, dropping more than 200 points

BY Muhammad Noman Jul 04, 2022. 04:44 pm

Advertisement

The bulls staged a return, and the market closed Monday with a loss of 200 points, giving the Pakistan Stock Exchange (PSX) a bad start to the week.

The market started off positively but soon saw profit-taking.

The benchmark KSE-100 index lost 282.16 points or 0.68 percent to settle at 41,348.19 points.

According to a report from Arif Habib Limited, worries over rising inflation and an anticipated rate hike in the next monetary policy caused the benchmark KSE-100 index to experience a session under pressure.

Despite reasonable volume in the third-tier stocks, the main board’s volumes remained low.

Fertilizer (-72.6 points), cement (-60.8 points), exploration and production (-33.2 points), car assembler (-18.9 points), and pharmaceuticals are among the industries that have a positive impact on performance (-12.9 points).

During the session, shares of 303 different firms were exchanged. 88 stocks ended the day’s trading in the green, 197 in the red, and 18 were unchanged.

Compared to Friday’s total of 154.03 million shares, total trading volumes decreased to 86.6 million shares. Shares were traded for a total of Rs3.04 billion during the day.

With 12.47 million shares traded, Sui Northern Gas Pipelines Limited led the pack in terms of volume, rising Rs0.93 to settle at Rs36.40. Agritech Limited, with 8.03 million shares traded, gained 0.20 rupees to conclude at Rs6.74 as the company in second place, and Pakistan Refinery Limited, with 4.83 million shares traded, suffered a loss of 0.56 rupees to finish at Rs16.91.

Advertisement

 

Advertisement
More News on

Related Articles

Coldwave to hit Pakistan after Oct 17
Latest

Coldwave to hit Pakistan after Oct 17

According to the Pakistan Meteorological Department (PMD) on Thursday, a cold wave...

Maryam Nawaz's son Junaid Safdar divorce Ayesha
Latest

Maryam Nawaz's son Junaid Safdar divorce Ayesha

Junaid Safdar, the son of Pakistan Muslim League-Nawaz (PML-N) Maryam Nawaz, announced...

Who is Kathy Leutner? Sidney Crosby’s girlfriend
Latest

Who is Kathy Leutner? Sidney Crosby’s girlfriend

PITTSBURGH Sidney Crosby, a standout for the Penguins and one of the...

Petrol Price in Pakistan reduced by Rs. 8 from 1st October
Latest

Petrol Price in Pakistan reduced by Rs. 8 from 1st October

After three large increases in the previous fortnightly reviews, the caretaker government...

Punjab Announces Holiday for Schools on 28 September 2023 Amid Pink Eye Outbreak
Latest

Punjab Announces Holiday for Schools on 28 September 2023 Amid Pink Eye Outbreak

Due to an increase in pink eye (conjunctivitis) instances, Punjab's temporary Chief...

Who was Maddy Cusack?
Latest

Who was Maddy Cusack?

THE world has been shocked by the news that Sheffield United star...

Advertisement

Latest News

Who is Ava Louise? OnlyFans model who flashed portal
World

Who is Ava Louise? OnlyFans model who flashed portal

The annoying OnlyFans model claims that she lifted her top because she...

Madison Bergmann arrested for ‘making out’ with 5th-grader
US

Madison Bergmann arrested for ‘making out’ with 5th-grader

Less than three months before her wedding, a 24-year-old elementary school teacher...

Sgt. Colin Arslanbas killed in training accident
US

Sgt. Colin Arslanbas killed in training accident

Military authorities have revealed the identify of the Marine from North Carolina...

MMA FIGHTER Ali Heibati banned for kicking RING GIRL Maria
Viral

MMA FIGHTER Ali Heibati banned for kicking RING GIRL Maria

Ali Heibati, an MMA fighter, received a lifelong ban for his shameful...

Advertisement