The Pakistan Stock Exchange (PSX) finished the session on Thursday with a slight decrease while the traders remained on the touch in the middle of a mixture of national and external pressures. The KSE-100 index abandoned 151 points to end at 147,344, reflecting the lack of direction Claire during a week dominated by the Raboutiers of the Contract.
Investors have remained cautious in the wake of concerns concerning the risks of flooding in agriculture in Punjab and the prospects for mute growth reported by the Central Bank. The milder prices of crude oil on an international scale and rolling -linked volatility added to the hesitation of investors, keeping the overall activity under control.
ARIF HABIB CORP MD AHSAN MEHANTE said that the shares have closed down in the midst of fears of devastating flood loss investors in PUNJAB which threaten agricultural growth among the central bank indices at the thin growth of fiscal year 26.
Read: In -depth sale at PSX leads to a fifth consecutive loss
“The high leverage levels and the pressure of overruns of term contracts as well as the drop in global prices for crude oil were the catalysts of the downward fence at the PSX,” he said.
KTRADE SECURITIES wrote in its market envelope that the PSX extended its consolidation phase, closing slightly lower in the midst of volatility and the reversal pressure of term contracts. The index dropped by 151 points (-0.10% day on day) to end at 147,344, after having briefly reached the intra-day summit of 148,042 points.
The feeling remained cautious, with the sale in key sectors such as the bank and the fertilizers. The main laggards included Habib Bank, Fauji Fertilizer, Bank Al Habib, Fayal Bank, Systems Limited and MCB Bank.
Find out more: PSX closes more in the middle of the contract pressure
Total market volumes have reached 935 million shares. PACE (Pakistan) led the volumes with 71.5 million actions changing hands, followed by Bank Makramah (66 million) and Pak Elektron (51.2 million), he said.
On the positive side, the selective purchase in Sazgar Engineering, Lucky Cement and United Bank helped to restrict the losses.
