Karachi: Pakistan Stock Exchange (PSX) KSE-100 index saw rollercoaster session and KSE-100 Index fell 0.51 percent owing to speculation over policy rate and verdict of polls delay case. By end of day, KSE-100 Index settled with decrease of 202.64 points to close at 39,687.26 points. KSE-100 closes below 40,000-point mark over policy rate speculation.

In final trading hour, following announcement of decision, investors gained confidence and chose to add value to their portfolios. Mainboard saw reasonable volume, while 3rd stocks dominated volume board, report said.

Sectors dragging benchmark KSE 100 index lower included oil and gas exploration sector (72 points), banking sector (31.79 points) and investment banking sector (19.39 points).

Volume on all-share index rose to 83.3 million from 74.4 million on Monday while value of shares traded surged to Rs 2.2 billion from Rs 1.75 billion recorded in previous session.

Telecard Limited was volume leader with 10.9 million shares followed by Pakistan Petroleum with 6.7 million shares and Hascol with 5.8 million shares.

Shares of 295 companies were traded on Tuesday of which 100 registered an increase, 175 recorded fall and 20 remained unchanged.

Towards closing hours, SC announced verdict in polls delay case and fixed May 14 as date for Punjab Assembly elections. This provided some support to market. All index heavy sectors turned read including automobile, cement, chemical, banking and oil.

Published in The Daily National Courier, April, 05 2023

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