Karachi: Pakistan Stock Exchange (PSX) saw disorderly session and KSE-100 index ended flat after trading on both sides of spectrum. Political instability coupled with economic uncertainty encouraged investors to book profits on their holdings. At close, KSE-100 Index was up 18.02 points or 0.04 percent to settle at 41,117.32.

Index heavy automobile, cement, chemical, banking and fertiliser sectors ended day on mixed note. Oil segment closed with gain.

Sectors driving benchmark KSE-100 index north included textile composite (26.97 points), food and personal care products (23.61 points) and oil and gas exploration (22.65 points). Volume on all-share index inched up to 105.6 million from 91.5 million, while value of shares traded rose to Rs 2.6 billion from Rs 2.4 billion recorded in previous session.

Hascol was volume leader with 21.5 million shares followed by WorldCall Telecom with 6.25 million shares and HBL Total Treasury with 5 million shares. Shares of 313 companies were traded of which 136 registered an increase, 152 recorded fall and 25 remained unchanged.

Report from Arif Habib Limited stated that another range bound session was recorded at PSX. Day began with favourable sentiments regarding news for renewal of IMF programme, reaching an intraday high of 242.92 points keeping PSX in green.

Report from Capital Stake cited, “Indices accumulated gains for most part of day until finally settling flat.” “Volumes increased from last close.”

Published in The Daily National Courier, May, 25 2023

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