PSX closes flat amid volatility



The Pakistan Stock Exchange (PSX) ended a choppy session flat on Monday amid low volumes and high volatility. On the economic front, the value of Pakistani Rupee recovered against the US Dollar by over Rs1.91 to reach an intraday high at Rs149 in the interbank market. Cumulatively, it has regained Rs2.45 or 1.61pc in the past three working days.

Gaining 0.53pc, the KSE 100 index benchmark reached its intraday high of 35,892.29 before slipping by 93.40 points to touch an intraday low of 35,610.41. The index finally settled lower by 6.44 points at 35,697.37. The KMI 30 index gathered 175.70 points to close at 57,615.94, while the KSE All Share index was down by 73.93 points, ending at 25,933.43.

The overall market volumes were recorded at 125.22 million. Worldcall Telecom (WTL -2.53pc) led the volume chart with 10.05 million shares, followed by Maple Leaf Cement Factory Limited (MLCF +2.38pc) and Sui Northern Gas Pipeline Limited (SNGP +4.31pc). The scripts had traded 9.07 million shares and 7.08 million shares respectively.

The oil and gas marketing sector gained 3.39pc in its cumulative market capitalization. Pakistan State Oil Company Limited (PSO) was up by 3.68pc, Attock Petroleum Limited (APL) by +3.88pc, Hascol Petroleum Limited (HASCOL) by +3.90pc and Shell Pakistan Limited (SHEL) by +1.67pc.— VoM

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