You are currently viewing PSX: Lackluster activity in the bourse seen on week’s first trading day!
red Copy

PSX: Lackluster activity in the bourse seen on week’s first trading day!

  • Post author:
  • Post category:Business / Economy
  • Post last modified:06/11/2017
  • Reading time:2 mins read

SANA MAHMOOD

KARACHI: Bears clawed the bourse red on week’s first trading day making Benchmark KSE-100 Index close at 41,031 shedding 33 points.

Pundits at the helm of affairs have blamed a number of reasons including technical glitches for the slow trading.

News that Govt. has released Rs. 14 billion for implementation of the first phase of PM’s Export Incentives Package injected upbeat response letting NML and NCL gain 1.08% and 0.72% respectively.

Since due to fog over Punjab, Govt. has decided not to run less-productive power plants utilizing furnace oil, ATRL, NRL, PRL & PSO closed in the red.

Rs. 4.5 billion worth of 75.4 million shares were traded. Value of the shares of 221 companies plummeted, 98 augmented and 15 remained stagnant.

Communication and Power Generation Sectors led the trading with 12.7 million and 11m shares changing hands respectively.

Today’s top five traders of shares were: PTCL, 5.6m shares (-1.74pc); K-Electric Ltd., 4.7m shares (-1.78pc); Sui Southern Gas Company Ltd., 4.7m shares (+3.00pc); TRG Pak Ltd., 4.2m shares (-2.75pc); Pak Elektron, 4.1m shares (-0.51pc).