Stocks shed 138 points amid lack of triggers - News Summed Up

Stocks shed 138 points amid lack of triggers


KARACHI: The Pakistan Stock Exchange (PSX) was back in the negative territory on Wednesday, with the indices failing to maintain yesterday’s momentum amid lack of positive triggers. Among other indices, the KMI-30 Index dropped 372.46 points to end at 64,494.94, while the KSE All Share Index fell 99.44 points, closing at 28,390.57. The overall market volumes contracted from 150.33 million shares in the previous session to 145.88 million shares (-5pc). Sectors that dragged the benchmark index lower included oil & gas exploration (-51.69 points), cement (-24.27 points) and oil & gas marketing (-16.85 points). Among the companies, Habib Bank Ltd (HBL -20.15 points), Pak Petroleum Ltd (PPL -19.21 points) and Engro Corporation Ltd (ENGRO -17.70 points) dented the index the most.


Source: Pakistan Today November 18, 2020 13:07 UTC



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