Karachi: Bearish sentiments prevailed at Pakistan Stock Exchange (PSX) amid uncertainty over resumption of International Monetary Fund (IMF) programme, as benchmark KSE-100 Index ended with loss of over 202 points.

Indices slipped lower for most part of trading session, as benchmark index reached an intra-day low of 39,868.99, decrease of over 213 points. At close, it settled at 39,879.89, fall of 202.48 points or 0.51 percent.

Report from Arif Habib Limited stated, investors are still waiting for IMF to release long overdue tranche. Sectors dragging benchmark KSE-100 index lower included banking (50.21 points), miscellaneous (31.81 points) and technology and communication (23.43 points).

Volume on all-share index increased to 108.8 million from 87.2 million. However, value of shares traded declined to Rs 3.2 billion from Rs 3.3 billion recorded in previous session.

Telecard Limited was volume leader with 12.4 million shares followed by WorldCall Telecom with 9.4 million shares and Pakistan Aluminium Beverage Cans Limited with 7.6 million shares.

Shares of 303 companies were traded of which 72 registered an increase, 194 recorded fall and 37 remained unchanged.

Published in The Daily National Courier, March, 30 2023

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