It was another listless day at the local bourse with the index closing down in red.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.08% or 21.57 points to end at 25,478.93.
“Volumes for the day, at only 87.9million for KSE-100, were the lowest for the year reflecting that the investor sentiments hit near rock bottom,” said
“The only interest remained in fertilisers, pushing
“The oil and gas sector was the major loser of the day as
“Habib Bank (+2.6%) jumped after announcing an EPS of
“Engro Corporation (+1.07%) gained as hopes remained high that the Economic Coordination Committee will approve LNG imports that would benefit its LNG handling arm,” he said.
“The market is expected to remain in a consolidation phase as February futures contract expire and positions are rolled over in to the new contract,” concluded Ahsan.
Trade volumes fell to 165 million shares compared with Wednesday’s tally of 176 million for the all share index.
The value of shares traded during the day was
Foreign institutional investors were net buyers of
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