Quantcast
Sunday , December 17 2017
Breaking News
Home / Markets / PSX sheds another 104pts
PSX sheds another 104pts

PSX sheds another 104pts

KARACHI: The Pakistan Stock Exchange (PSX) remained bearish as the benchmark 100-index closed at 39,945 points after shedding 104 points as the Lahore High Court (LHC) ordered the Punjab govt to make 2014 Model Town incident’s judicial inquiry report public in 30 days.

Top index point detractors were UBL (down 2%), OGDC (1.5%), HBL (1.3%), SNGP (4.9%) & MCB (1.3%), holding 152 points, while NESTLE (up 5%), DAWH (2.3%), SEARL (3%), ENGRO (1%) & KEL (3.3%) added 85 points. On the sector front, banks shed 92 points, OMCs 54 points, E&Ps 24 points, power 23 points & cement 20 points, while food added 23 points, auto assemblers 22 points, pharma 18 points & ferts 16 points.

Traded volumes however improved by 52% DoD to 147m shares while value traded jumped to $58m.

Fertilizer sector closed negative where EFERT (down 0.02%) and FFC (0.84%) closed in the red; however ENGRO (up 0.95%) showed some relief as it closed in the green zone.