Pakistan Stock Exchange (PSX) was remained volatile on Thursday and the benchmark index lost another 247 points to close at 32,710 points compared to 32,958 points a day earlier. Analysts said the local bourse continued with its previous day's declining trend and end of the trading day index decreased 0.75 percent. None of the sectors were in the limelight as majority of the firms landed the in red zone by the end of the trading session, they added.
Fertiliser sector was the most adverse amongst all as the entire sector landed in the red territory followed by oil & gas and cements sector. Hammad Aman, Manager of Equity Topline Securities, said dull trading was seen at the local bourse as investors booked profit. Above average volume was seen in DCL and PTC with 14 million and 7 million shares respectively.
Below average traded volume was witnessed as volume fell 34 percent to 135 million shares compared to 204 million a day earlier while traded value also dropped some 24 percent to Rs 6.8 billion. "Fertiliser stocks come under pressure after parliamentarian committee proposed to lower fertiliser prices. This led to post 1.4 percent to 3.3 percent decline in Engro Fertiliser, Fauji Fertiliser and Fatima Fertiliser along with other fertiliser stocks," he added.
Shell Pakistan fell 3.3 percent after announcing year-end results of Rs 8.5/ share along with Rs 10 cash dividend, he informed. During the intraday trading, KSE-100 index also hit the 33,080 points highest and 32,671 points lowest level. Total market capitalisation decreased Rs 47.5 billion to reach Rs 6.868 trillion down from Rs 6.915 trillion. Out of 340 active stocks, 114 advanced, 212 declined whereas 14 remained unchanged. Dewan Cement, TRG Pak Ltd, PTCL, Pak Refinery and Jah Sidd Co were among top 10 scrips with 14.45 million, 7.5 million, 7 million, 6.8 million and 5.5 million share trading. Bata Pak and Murree Brewery were the top gainers and their share prices increased by Rs 50.00 and Rs 26.00 to close at Rs 3,300.00 and Rs 811.00 respectively. While, Unilever Foods and Indus Motor Co were the top losers and declined by Rs 124.67 and Rs 18.69 to close at Rs 5,300.33 and Rs 940.95 respectively.
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