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PSX Extends Slide as KSE-100 Drops 555 Points on Light Trade

Geopolitical risk with elevated oil prices kept investors on the sidelines.

Overview

  • The KSE-100 closed at 153,866.17, down 0.36%, after early range-bound action gave way to selling pressure.
  • Ready-market turnover contracted to 303.016 million shares with Rs14.690 billion in value, down from 404.252 million shares and Rs24.674 billion in the prior session.
  • Market capitalisation slipped to Rs17.329 trillion, while breadth was mixed with 190 gainers, 205 losers and 77 unchanged out of 472 traded companies.
  • Foreign investors were net sellers of Rs317 million, and futures turnover reached 71.751 million shares worth Rs4.057 billion with more contracts declining than rising.
  • For the week, the benchmark fell 3,630 points (2.3% WoW) as oil hovered near $100 and shortened Ramazan hours restrained activity.