KARACHI: The Pakistan Stock Exchange Thursday remained sceptical over political uncertainty in the country as the benchmark 100-index declined by 539.5 points or 1.35 percent, to close below 40,000 level at 39,987 points.
Overall, volumes increased to 384 million shares, while value decreased by 3.9 percent to Rs 12.4 billion/$119 million.
Bank of Punjab remained the volume leader with 41 million shares traded while NIB Bank, TRG Pakistan, K-electric, WorldCall Telecom followed with 23 million, 22 million, 18 million and 17 million shares respectively.
LUCK (0.19%), in the cement sector, gained as the cement manufacturer declared its result for 1QFY17. In its result, company posted EPS of Rs10.01, which was 9.1% YoY higher.
OGDC (down 1.28%), POL (2.06%) and PPL (2.44%) in the E&P sector declined to close in red zone as crude oil price continued to trade below $50/bbl level.
NBP announced EPS of 1.66/share. Stock declined by 2.6%. AICL announced above expected EPS of 8.1/share which led the stock to gain 3.5%. LUCK announced EPS of 11.69/share which was above market expectations.
