PSX session remains range-bound, KSE-100 closes 82pts

Karachi: Pakistan Stock Exchange (PSX) KSE-100 index witnessed range-bound session and benchmark KSE-100 Index ended marginally positive amid lack of triggers, as investors remained ‘vigilant’ due to country’s prevailing economic situation.

Indices traded in green all day long, as benchmark index reached an intra-day high of 40,204.40 an increase of 204 points. At close, it settled at 40,082.37, an increase of 82 points or 0.2 percent.

Volume on all-share index increased to 87.2 million from 64.5 million on Monday. Value of shares traded inched up to Rs 3.3 billion from Rs 2.5 billion recorded in previous session.

Telecard Limited was volume leader with 23.8 million shares followed by WorldCall Telecom with 4.2 million shares and K-Electric Limited with 3.8 million shares.

Shares of 300 companies were traded on Tuesday of which 136 registered an increase, 134 recorded fall and 30 remained unchanged.

Report from Arif Habib Limited (AHL) stated, “Investors chose to be vigilant due to ongoing political and economic uncertainty”.

“Investors’ involvement remained dull throughout day, as volumes in mainboard dried up while third-tier stocks continued to dominate volume board,” it added.

Published in The Daily National Courier, March, 29 2023

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