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Today's Paper | May 04, 2024

Updated 12 Apr, 2018 05:00pm

Index closes lower as economic worries take their toll

The Pakistan Stock Exchange saw the wind continue to leave its sails on Thursday, with its benchmark KSE-100 Index losing 155 points (0.33pc) to close at 46,331.71 for the day.

In the fourth session of what has largely been a disappointing week after an encouraging eight-day rally, the index continued to lose ground as worries over the country's weakened economic position prevailed.

After touching a day's high of 46,578 right after market open, the index continued on a sustained slide to the day's low of 46,220 before late activity saw stocks recoup some of their losses.

Overall volumes rose to 332.9 million shares traded, worth Rs10.21 billion. A total of 392 scrips were traded over the day, with 157 advancing, 215 declining and 20 closing unchanged from the previous day.

Volumes were led by:

  1. K-Electric: 47.54m shares traded (+2.77pc)

  2. Engro Polymer: 23.87m shares traded (+4.26pc)

  3. PIA: 21.78m shares traded (+6.21pc)

  4. Agritech Ltd: 12.38m shares traded (-2.53pc)

  5. Lotte Chemical: 10.43m shares traded (-0.62pc)

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