Trading at Pakistan Stock Exchange (PSX) remained dull while the benchmark index continued to shed points on the first day of Ramazan.

The KSE-100 index closed at 41,870 points after losing 432 points with the overall trend of the market remaining downward with some sideways trading.

Only 56.9 million shares worth Rs2.6 billion were traded at the exchange, and only 71 of the 298 traded scrips gained in value while 209 scrips declined and 18 remained unchanged.

The cement sector dominated trading with 8.16m shares traded, while electrical goods and power generation followed with 7.35m and 5.32m shares traded respectively.

Volumes were led by:

  1. Pakistan Elektron Ltd: 7.0m shares traded [-4.96pc];

  2. K-Electric Limited: 4.8m shares traded [+0.82pc];

  3. Dewan Cement Limited: 3.9m shares traded [-4.12pc];

  4. TRG Pakistan Ltd: 2.0m shares traded [-4.15pc];

  5. Lotte Chemical Pakistan Ltd: 2.0m shares traded [+0.78pc].

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Under siege
Updated 03 May, 2024

Under siege

Whether through direct censorship, withholding advertising, harassment or violence, the press in Pakistan navigates a hazardous terrain.
Meddlesome ways
03 May, 2024

Meddlesome ways

AFTER this week’s proceedings in the so-called ‘meddling case’, it appears that the majority of judges...
Mass transit mess
03 May, 2024

Mass transit mess

THAT Karachi — one of the world’s largest megacities — does not have a mass transit system worth the name is ...
Punishing evaders
02 May, 2024

Punishing evaders

THE FBR’s decision to block mobile phone connections of more than half a million individuals who did not file...
Engaging Riyadh
Updated 02 May, 2024

Engaging Riyadh

It must be stressed that to pull in maximum foreign investment, a climate of domestic political stability is crucial.
Freedom to question
02 May, 2024

Freedom to question

WITH frequently suspended freedoms, increasing violence and few to speak out for the oppressed, it is unlikely that...