The Pakistan Stock Exchange (PSX) continued trading in the red on Thursday, with the benchmark KSE-100 Index losing 91 points to close at 45,388.

The index touched the day's high of 45,492 at the start of trading, but traded in the negative for the most part of the day, slumping to a low of 45,123 at one point.

"Despite a positive trigger in the shape of sharp overnight rise in global crude, exploration and production companies failed to lend support to the market in the morning as other sectors dragged the benchmark KSE100 Index down to a 15-day low," a note from Elixir Securities read.

Trading was up to 183.4 million shares worth Rs8.5 billion. Of the 368 scrips traded, 100 advanced, 248 declined and 20 remained unchanged.

The chemical sector dominated trading with 28.9m shares traded, while commercial banking and cement followed with 26.2m and 23.1m shares traded.

Volumes were led by:

  1. Engro Polymer and Chemicals Ltd: 15.2m shares traded [-1.11pc];

  2. Bank Of Punjab: 13.6m shares traded [+2.41pc];

  3. Fauji Cement Co Ltd: 13.3m shares traded [-4.77pc];

  4. K-Electric Limited: 12.1m shares traded [-1.43pc];

  5. Unity Foods Limited: 9.9m shares traded [-0.49pc].

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

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...