Pakistan's PSX bucks three-day bullish streak

Source: Xinhua| 2017-07-26 21:14:30|Editor: Zhou Xin
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ISLAMABAD, July 26 (Xinhua) -- The Pakistan Stock Exchange (PSX) discontinued a three-day bullish streak on Wednesday as investors opted for selling profits amid uncertainty over the political turmoil in the country.

The Pakistan Stock Exchange's benchmark KSE 100-Index dipped slightly by 0.02 percent, or 9.51 points,0 to 45,908.39 points on Wednesday when compared with 45,917.90 points reported on Tuesday. During the three-day bullish run, the main index accumulated 857.97 points to regain the psychological barrier of 45,000 points.

The KSE All-Share Index slipped marginally by 0.02 percent, or 7.72 points, to 32,227.45 points, the KSE 30-Index inched up fractionally by 0.05 percent or 12.08 points, the KMI 30-Index moved higher by 0.03 percent or 21.68 points to 78,428.92 points, whereas the Islamic All-Share Index gained 0.10 percent or 22.21 points to 22,386.75 points.

During Wednesday's trading session, the main index moved in a condensed range of 248.68 points as it touched an intraday high of 46,106.60 points as against an intraday low of 45,857.92 points.

Market volumes depleted by 21.40 percent or 47.85 million shares to 175.73 million shares on Wednesday when compared with a trading of 223.58 million shares reported on Tuesday.

Market capitalization decreased by 0.02 percent or 2.26 billion rupees (21.07 million U.S. dollars) to 9.44 trillion rupees whereas trade value reduced by 18.58 percent or 1.89 billion rupees to 8.26 billion rupees.

Among 365 active scrips on Wednesday, the prices of 141 issues advanced, 204 declined, whereas values of 20 other companies stayed unchanged.

Azgard Nine Limited, Sui Southern Gas Company, and Dewan Motors were the top traded companies with turnovers of 22.81 million shares, 16.71 million shares, and 11.13 million shares, respectively.

Unilever Foods was the top price gainer with an increment of 210.00 rupees to close at 6,300.00 rupees while on the other hand, Philip Morris Pakistan was the major price shedders with a decrement of 113.00 rupees to finish at 2,775.00 rupees.