KARACHI: Pundits at the helm of affairs have pinpointed three reasons that contributed towards bearish closing of PSX today: i) uncertain world stock market; ii) foreign outflows; iii) augmenting circular debt.
The KSE-100 Index plummeted and lost 148 points by the time traders called it a day, closing session at 48.909.10 (i.e.: -0.30%).
It is pertinent to mention here that for a while bull did reign bourse adding 384 points. But bear overwhelmed this attempt and finally the day ended in the red.
Overall 93.6 million shares worth Rs. 9.03 billion were traded. Shares of 160 companies gained in value, 196 declined and 24 remained unchanged.
Top five leaders in today’s trading were: Azgard Nine, 27.9m shares (-4.16pc); Bank of Punjab, 23.4m shares (-3.89pc); Power Cement Ltd 16.5m shares (+3.52pc); Sui North Gas, 14.7m shares (-3.43pc); Pak Refinery, 12.1m shares traded (+2.21pc).