Karachi: Pakistan Stock Exchange (PSX) KSE-100 index endured mixed session and KSE-100 Index closed 0.1 percent down amid sharp drop in investor participation. Political and economic uncertainty kept market participants on sidelines. At close, KSE-100 Index recorded decrease of 40.47 points to close at 40,877.98. Selling pressure persists at KSE-100, market falls 1 percent.

Automobile, cement and banking sectors closed with losses while chemical and oil spaces ended with gains. Sectors driving benchmark KSE 100 index lower included miscellaneous (55.14 points), banking (27.37 points) and cement (18.67 points). Volume on all-share index dropped to 142.8 million from 195.5 million on Monday. Value of shares traded fell to Rs 4.2 billion from Rs 5 billion recorded in previous session. WorldCall Telecom was volume leader with 6.1 million shares followed by Cnergyico PK with 4.8 million shares and Unity Foods with 4.7 million shares. Shares of 309 companies were traded of which 134 registered an increase, 153 recorded fall and 22 remained unchanged.

Report from Capital Stake said, “Indices swayed both ways in search of direction while volumes declined from last close”.

Published in The Daily National Courier, March, 22 2023

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