Market watch: Despite positive triggers, KSE-100 edges down 24 points - News Summed Up

Market watch: Despite positive triggers, KSE-100 edges down 24 points


In the morning, trading began on a positive note, but uncertainty emerged soon after and dragged the market down after every rise. The cement sector witnessed profit-booking where Fauji Cement (-1.8%), Pioneer Cement (-1.1%), DG Khan Cement (-1%), Cherat Cement (-0.5%) and Lucky Cement (-0.7%) lost value. Market watch: Bourse rises 156 points, crosses 40k mark on mini-budget hopesOverall, trading volumes decreased to 156.12 million shares compared with Thursday’s tally of 245.87 million. The Bank of Punjab was the volume leader with 25.3 million shares, gaining Rs0.06 to close at Rs13.24. It was followed by Pakistan International Bulk Terminal with 18.6 million shares, losing Rs0.06 to close at Rs11.95 and Fauji Foods with 8.7 million shares, gaining Rs1.65 to close at Rs34.68.


Source: The Express Tribune January 25, 2019 15:33 UTC



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