KSE-100 closes with marginal loss after mixed session – MarketsNews WAALI

The Pakistan Stock Exchange (PSX) recorded a quiet session on Tuesday and the KSE-100 fell slightly due to lack of positive developments.

Investors were waiting for positive triggers to make buying decisions.

At Tuesday’s close, the KSE-100 Index recorded a decline of 40.42 points or 0.1% to close at 41,816.43.

KSE-100 inches up in an optimistic session

Trading started on a mixed note with the obvious hit during the day low in the initial hours. At this point, a buying spree erased losses and the index remained range-bound for the remainder of the session.

The automobile, cement, fertilizer and oil sectors closed with a loss while the chemical sector and commercial banks ended on a mixed note.

A report from Arif Habib Limited said that the PSX saw a mixed session.

“The benchmark KSE-100 opened in the green but traded both ways as the index remained choppy throughout the trading session as investors chose to remain cautious due to the further delay in signing the Level Agreement Staff between the government and the IMF together with the current situation. political uncertainty is crushing investor confidence,” he said. “Overall volumes remained healthy, while the 3rd tier stocks remained in the spotlight.”

A report from Capital Stake said the PSX closed a topsy-turvy session on Tuesday’s flat.

“Indices swung both ways while volumes shrank from last,” he said. “Investors remained cautious as no positive developments have yet been made regarding the IMF deal. Noise on the political front also contributed to the dull trend.”

Volume of the whole share index fell to 185.3 million from 289.3 million on Monday. The value of traded shares shrank to Rs6.7 billion from Rs10.3 billion recorded in the previous session.

Hascol was the volume leader with 26.7 million shares followed by WorldCall Telecom with 13.1 million shares and Ghani Global Holdings with 13.1 million shares.

Shares of 319 companies were traded on Tuesday, of which 113 registered an increase, 184 recorded a fall and 22 remained unchanged.