The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 continued with bearish trend on Thursday, losing 562 points, a negative change of 0.40 percent, closing at 138,692 points against 139,254 points last trading day.
In a note, brokerage firm Topline Securities said that after a strong rally in recent sessions, the local bourse took a step back today as investors opted to lock in gains ahead of the final days of the rollover week.
The session was marked by a tug-of-war between bullish sentiment and rollover-induced caution, with market participants leaning toward profit-booking. As rollover pressure mounts, choppy movements are likely to persist, with selective interest expected to dictate near-term direction, it added.
A total of 648,800,865 shares were traded during the day as compared to 656,642,916 shares the previous trading day, whereas the price of shares stood at Rs. 28.117 billion against Rs. 32.096 billion on the last trading day.
As many as 484 companies transacted their shares in the stock market, 182 of them recorded gains and 273 sustained losses, whereas the share price of 29 companies remained unchanged.
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