Pakistan Stock Exchange falls flat after range-bound session

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Pakistan Stock Exchange (PSX) fell flat on Tuesday with the benchmark KSE-100 index losing 79 points to close at 45,004 points in a range-bound session.

The index opened higher and touched the day's high of 45,307 points before beginning to shed points and hit the day's low of 44,936.

In all, 235.6 million shares worth Rs 9.4 billion were traded on the exchange as volumes picked up from Monday. Of the total of 358 traded scrips, 153 advanced, 179 declined and 26 remained unchanged.

Power sector dominated trading with 31.8m shares traded while chemicals, and food and personal care sectors followed with 31.6m and 30.3m shares traded, respectively.

Positive activity was observed in the K-Electric stock which surged around 4pc amid Shanghai Electric's renewed commitment to buy the distribution company.

Volumes were led by:

  1. K-Electric Ltd: 30.3m shares traded [+3.96pc];

  2. Fauji Foods Ltd: 16.1m shares traded [-2.21pc];

  3. Engro Polymer: 9.8m shares traded [+0.06pc];

  4. TPL Corp Ltd: 9.6m shares traded [+9.65pc];

  5. Faysal Bank: 9.1m shares traded [+4.25pc].

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