KSE-100 closes 147pts lower after volatile trading

Business Aug, 1 2024
KSE-100 closes 147pts lower after volatile trading
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Karachi: Pakistan Stock Exchange (PSX) witnessed negative session, as its benchmark KSE-100 closed session lower by 147 points.

Index swayed in both directions, hitting an intra-day high of 78,241.02 and intra-day low of 77,595.93. At close, benchmark index settled at 77,740.31, down by 146.68 points or 0.19 percent.

Volume on all-share index decreased to 279 million from 382.6 million session ago.

Value of shares declined to Rs 13.09 billion from Rs 14.64 billion in previous session.

Hascol Petrol was volume leader with 26.70 million shares, followed by WorldCall Telecom with 21.82 million shares and Waves Home App with 13.52 million shares.

Shares of 433 companies were traded on Thursday, of which 172 registered an increase, 198 recorded fall while 63 remained unchanged.

Globally, Asian shares rallied on Thursday, tracking huge revival in global tech stocks helped by Meta and Nvidia, while prospects of imminent policy easing in US boosted global bonds and commodities.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.7 percent, after ending July mostly flat.

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