You are currently viewing PSX: Bears color the bourse red on week’s first trading day!
Bourse in the red

PSX: Bears color the bourse red on week’s first trading day!

KARACHI: A number of reasons including political noise – mainly caused by the corruption cases against Sharif clan – have disturbed investors on the week’s first working day.

As a result Benchmark KSE-100 Index closed at 41,240 shedding 196 points. Rs. 3.7b worth of 87.4m shares changed hands today. Value of the shares of 205 augmented, 115 plummeted and 27 remained stagnant.

Communication, Engineering and Textile Sectors led the trade with 15.4m, 10.6m and 8.1m shares respectively.

Today’s top five traders of shares were: TRG Pak Ltd., 13m shares (+4.10pc); Azgard Nine, 7.5m shares (+0.84pc); Dost Steels Ltd., 7.0m shares (+1.20pc); Dewan Motors, 3.4m shares (+4.94pc); Engro Polymer XD, 2.8m shares (+1.85pc).

Tags: ,

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.