AIRLINK 66.80 Increased By ▲ 2.21 (3.42%)
BOP 5.67 Increased By ▲ 0.07 (1.25%)
CNERGY 4.63 Decreased By ▼ -0.09 (-1.91%)
DFML 22.32 Increased By ▲ 1.56 (7.51%)
DGKC 69.76 Decreased By ▼ -1.64 (-2.3%)
FCCL 19.62 Decreased By ▼ -0.33 (-1.65%)
FFBL 30.20 Decreased By ▼ -0.25 (-0.82%)
FFL 9.90 Decreased By ▼ -0.15 (-1.49%)
GGL 10.05 No Change ▼ 0.00 (0%)
HBL 115.70 Increased By ▲ 4.70 (4.23%)
HUBC 130.51 Decreased By ▼ -0.33 (-0.25%)
HUMNL 6.74 Decreased By ▼ -0.11 (-1.61%)
KEL 4.35 Decreased By ▼ -0.04 (-0.91%)
KOSM 4.80 Increased By ▲ 0.46 (10.6%)
MLCF 37.19 Decreased By ▼ -0.56 (-1.48%)
OGDC 133.55 Decreased By ▼ -0.30 (-0.22%)
PAEL 22.60 Increased By ▲ 0.03 (0.13%)
PIAA 26.70 Decreased By ▼ -0.85 (-3.09%)
PIBTL 6.25 Decreased By ▼ -0.06 (-0.95%)
PPL 113.95 Decreased By ▼ -1.00 (-0.87%)
PRL 27.15 Decreased By ▼ -0.07 (-0.26%)
PTC 16.13 Decreased By ▼ -0.37 (-2.24%)
SEARL 59.70 Decreased By ▼ -1.00 (-1.65%)
SNGP 66.50 Increased By ▲ 1.35 (2.07%)
SSGC 11.21 Decreased By ▼ -0.14 (-1.23%)
TELE 8.94 Decreased By ▼ -0.03 (-0.33%)
TPLP 11.34 Increased By ▲ 0.09 (0.8%)
TRG 69.36 Increased By ▲ 0.31 (0.45%)
UNITY 23.45 Increased By ▲ 0.01 (0.04%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 7,312 Decreased By -12.8 (-0.17%)
BR30 24,106 Increased By 48.2 (0.2%)
KSE100 70,484 Decreased By -60.9 (-0.09%)
KSE30 23,203 Increased By 11.5 (0.05%)

Pakistan stocks came under pressure on Thursday as the benchmark KSE-100 Index closed in the red, losing 0.72% to end near the 45,000-point level.

Profit-taking was witnessed throughout the day, mainly in the tech and cement sectors.

At close on Thursday, the index finished with a drop of 325.59 points or 0.72% to end at 45,082.30.

“The market remained under pressure due to the higher trade deficit number and rising number of Covid-19’s Omicron variant cases in Pakistan,” said Arif Habib Limited in its post-market comment.

Adding to investors' concerns, the number of coronavirus cases in the country surged to 1,085, the highest since October last year, while the positivity ratio increased to 2.32%.

On the economic front, trade deficit widened by 106.4% during the first half (July-December) of the current fiscal year 2021-22 and reached $25.478 billion compared to $12.344 billion during the same period of 2020-21, revealed the Pakistan Bureau of Statistics (PBS).

Range-bound session witnessed, KSE-100 ends flat

Sectors dragging the benchmark index lower included technology and communication (113.63 points), cement (85.15 points) and oil and gas marketing (26.03 points).

Volume decreased, clocking in at 345.3 million on the all-share index, down from 432.06 million on Wednesday. However, the value of shares traded increased to Rs13.24 billion, up from Rs10.29 billion.

WorldCall Telecom was the volume leader with 65.11 million shares, followed by TRG Pakistan Limited with 54.82 million shares, and Unity Foods Limited (R3) with 30.2 million shares.

Shares of 360 companies were traded on Thursday, of which 87 registered an increase, 258 recorded a fall, and 15 remained unchanged.

Comments

Comments are closed.

M.IRFAN Jan 06, 2022 10:22pm
EPCL and OCTOPUS hold rakhna chayia . Sir j
thumb_up Recommended (0)
Javed Jan 07, 2022 12:19pm
Good.
thumb_up Recommended (0)