Late buying helps benchmark index close in green - News Summed Up

Late buying helps benchmark index close in green


KARACHI: The Pakistan Stock Exchange (PSX) witnessed volatile activity on Thursday, with the benchmark index taking a beating in early trade before bouncing back on late buying to close in green. “The market remained under selling pressure for most part of the day, owing to which the index slipped over 450 points intraday. The overall market volumes shrunk from 473.73 million shares in the previous session to 371.66 million shares (-22pc). Hascol Petroleum Ltd (HASCOL -7.48pc), K-Electric Ltd (KEL -1.43pc) and Unity Foods Ltd (UNITY -2.94pc) led the volume chart, exchanging 67.64 million, 28.89 million and 26.06 million shares, respectively. Sectors that helped the benchmark index close in the green included banking (+82.90 points), cement (+47.33 points) and oil & gas exploration (+26.52 points).


Source: Pakistan Today October 01, 2020 12:56 UTC



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