KSE-100 falls over 600 factors amid lack of optimistic triggers

Merchants sitting in the principle corridor of the Pakistan Inventory Change. — Reuters/File
  • Benchmark KSE-100 index recorded a lower of 661.30 factors to settle at 43,221.78.
  • Market gamers took a destructive cue from the depreciating rupee in opposition to the US greenback.
  • Investor expectation about weak quarterly monetary outcomes additionally left a destructive influence on buying and selling exercise on the bourse.

KARACHI: The Pakistan Inventory Change (PSX) as soon as once more landed within the pink on Wednesday after a day’s respite with the benchmark KSE-100 index shedding over 600 factors.

The benchmark index, after noon, succumbed amid an absence of optimistic triggers and an unsure NEWSONHYpolitical and financial outlook. Buyers remained cautious all through the buying and selling session.

Furthermore, market gamers took a destructive cue from the depreciating rupee in opposition to the US greenback, which dropped to an all-time low of Rs171.13 on Wednesday.

Investor expectation about weak quarterly monetary outcomes additionally left a destructive influence on buying and selling exercise on the bourse.

The benchmark KSE-100 index recorded a lower of 661.30 factors or 1.24% to settle at 43,221.78.

Through the session, shares of 543 listed firms have been traded. On the finish of the session, 86 shares closed within the inexperienced, 436 within the pink, and 21 remained unchanged.

Hascol Petroleum was the quantity chief with 36.8 million shares, shedding Re1 to shut at Rs5.16. It was adopted by WorldCall Telecom with 28.9 million shares, shedding Rs0.15 to shut at Rs2.06, and Telecard Restricted with 17 million shares, shedding Rs1.16 to shut at Rs15.39.

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