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PSX closes flat after lacklustre trading session

PSX closes flat after lacklustre trading session

KARACHI: The Pakistan Stock Exchange witnessed a lacklustre trading session on Tuesday as the benchmark KSE 100-share Index recorded an increase of 31.75 points or 0.08% to settle at 41,036.30.

The index started the day upwards, hitting an intra-day high of 188.63 points. Major activity was witnessed in cement and oil stocks as Brent crude oil crossed $80 per barrel in the global market.

Mari Petroleum (+2.79%), Pakistan Oilfields (+2.11%), Lucky Cement (+1.61%), DG Khan Cement (+1.32%) and Maple Leaf Cement (+3.27%) collectively contributed 88 points to the index.

Dolmen City REIT (-0.55%) announced its FY18 result, posting earnings per share of Rs2.27.

Overall, trading volumes increased to 101.7 million shares compared with Monday’s tally of 98.6 million. The value of shares traded during the day was Rs4.5 billion.

Shares of 367 companies were traded. At the end of the day, 141 stocks closed higher, 206 declined and 20 remained unchanged.

Unity Foods was the volume leader with 9.4 million shares, gaining Rs0.27 to close at Rs35.9. It was followed by Aisha Steel Mills with 6.3 million shares, losing Rs0.30 to close at Rs13 and TRG Pakistan with 5.4 million shares, losing Rs0.61 to close at Rs28.43.