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Bourse in the red

PSX: Bearish bourse closes at 40,611 shedding 489 points!

SANA MAHMOOD

KARACHI: As prevailing political noise had prevented bulls from entering the bourse on week’s second day of trading too, benchmark KSE-100 Index plummeted 1.19 percent.

Rs. 6.5b worth of 184m shares changed hands today. Value of the shares of 273 companies crashed down, 73 augmented while 21 remained stagnant.

Today’s trading was dominated by KE with 76.7m shares (-7.51%). Other top four  traders of shares on week’s second day of trading were: TRG Pak Ltd., 7.7m shares (-0.14pc); JS Bank Ltd., 6.1m shares (+0.50pc); Engro Polymer, 5.0m shares (-2.88pc); Azgard Nine, 4.7m shares (-2.10pc).

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.