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A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

PSX takes bearish start, loses 132pts

byMatiur Rehman
20/07/2016
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange (PSX) Wednesday again started losing points soon after taking a ‘good start’ and shed 131.66 points to reach 39077.22 points level.

On Wednesday, the stocks witnessed a volatile session and the indexes traded in a narrow band. Moderate volumes were recorded but the index failed to find a clear direction. The KSE-100 index rose up into the green zone several times before it closed marginally down. The index traded in a limited range of 159 points with a high of 39,322.69 and a low of 39,208.88, down 44.37 points. The market volumes improved slightly from previous session to 178.07 million. The oil and gas marketing sector led the volume charts with 33.36 million shares exchanged. Sui Northern Gas Pipeline Limited (SNGP -0.96%) was top traded again but this time ended lower.

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