KSE-100 closes flat after range-bound trading

Business Sep, 6 2024
KSE-100 closes flat after range-bound trading
  • 77
  • 0

KARCHI: Pakistan Stock Exchange's benchmark KSE-100 Index closed flat on Thursday after witnessing range-bound trading amid lack of fresh triggers.

Trading activity remained range-bound with index swaying in both directions throughout session. It hit an intra-day high of 79,154.30 against an intra-day low of 78,578.02.At close, benchmark index settled at 78,863.34, marginally up by 15.33 points or 0.02 percent. Sectors that contributed positively included banking, fertiliser, cement, and technology, while E&Ps, power, OMCs, auto and pharma sectors closed in red.  Volume on all-share index decreased to 770.52 million from 969.77 million on Wednesday. Value of shares declined to Rs 14.29 billion from Rs 17.51 billion in previous session.

WorldCall Telecom was volume leader with 87.10 million shares, followed by Pace (Pak) Ltd with 66.58 million shares and Kohinoor Spinning with 42.18 million shares. Shares of 444 companies were traded on Thursday, of which 148 registered an increase, 252 recorded fall while 44 remained unchanged. Globally, Asian share markets tried to regain their footing on Thursday after steep sell-off, while rally in Treasuries dented dollar and lifted yen as US economic worries raised odds of Federal Reserve going big on rate cuts. Japan's Nikkei fell 0.5 percent to its lowest in three weeks, although tech-heavy Taiwan and South Korean stocks were both 1 percent higher after sliding on Wednesday.

NC Big Stories

CM Maryam calls for 5-year strategic plans from departments

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has instructed officials to include parliamentary secretaries in departmental meetings to enhance coordination and execution...

ECC places industrial sector on priority list for gas usage

ISLAMABAD: Economic Coordination Committee (ECC) approved proposal for placing gas use for industrial processes as first priority alongside domestic and commercial sectors. EC...

Shura Hamdard moot discuss guidelines for Muslim rulers in light of Prophet (PBUH)’s Seerat

KARACHI: Monthly meeting of Shura Hamdard Karachi took place at Hamdard Corporate Head Office, chaired by Sadia Rashid President of Hamdard Foundation Pakistan. Theme of meet...

PIA employee dismissed from duty

KARACHI: Sales Regional Manager for Pakistan International Airlines (PIA) in Dubai, is under investigation following multiple harassment complaints. Complaints lodged by fema...

More like this
Related

KSE-100 gains on anticipation of reduction in key policy rate

KARACHI: Bullish sentiments were witnessed at Pakistan Stock Exchange (PSX), as further reduction in policy rate by State Bank of Pakistan announced, with benchmark KSE-100 In...

2% cut in interest rate not in line with declining inflation: expert

KARACHI: Acting President Karachi Chamber of Commerce & Industry (KCCI) Altaf A. Ghaffar, while commenting State Bank’s decision to reduce the interest rate by 2 per...

SBP reduces key policy rate by 200bps, brings it down to 17.5pc

Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) unleashed its most aggressive reduction in key policy rate since April 2020, cutting it by 200 basis points (bp...

Sindh energy ministry backs IEEEP fair: Nasir Shah

KARACHI: Minister of Energy, Government of Sindh, Syed Nasir Hussain Shah has said that his department stands fully committed to support the IEEEP Fair. "We will work closely...
Need Help? Chat with us