PSX Last Ring: Reshuffle the Cards

The sellers then put up a vigorous fight against it, which led to a sudden sell-off that erased 755.82 points in a matter of minutes. The index erased its early gains as it fell to 56,118.17 points.

Still, the bulls entered the market once more to continue profiting from any dips.

The KSE-100 was able to settle marginally higher at 56,665.93 points at the end of the session, up 0.25% or 142.35 points from the close of the previous day.

The KSE-100 Index had a total volume of 255.537 million shares.

Twenty of the 100 index companies were not traded, while 37 closed higher and 43 closed lower.

KSE-100 index was supported by Power Generation & Distribution with 114.78, Technology & Communication with 81.11, Automobile Assembler with 64.27, Food & Personal Care Products with 55.22, and Oil & Gas Marketing Companies with 29.48 points.

Companies adding points to the index were HUBC with 87.93, MTL with 63.74, SYS with 53.67, NESTLE with 38, and TRG with 24.66 points.

Commercial Banks with 136.27, Fertilizer with 74.55, Cement with 33, Glass & Ceramics with 9.93, and Tobacco with 9.53 points were the worst sectors of the KSE-100 Index.

Companies EFERT (44.29), UBL (36.83), MEBL (30.02), LUCK (28.4), and BAFL (28.2) were the ones that pulled the index down.

With a net gain of 153.09 points, the All-Share index closed at 37,542.85 in the overall market.

Total market volume was 526.357 million shares compared to 660.650 from the previous session while traded value was recorded at Rs19.54 billion showing a reduction of Rs2.87bn.

A total of 363 entities reported 232,768 deals, of which 182 ended in a profit, 160 in a loss, and 21 remained unchanged.