Abb Takk News

Pakistan Stock Exchange Loses 416 Points

Karachi (February 08, 2018): The benchmark plunges 416 points to close at 43,680 on Thursday as the Pakistan Stock Exchange (PSX) saw bearish activity.

The index showed some positive activity in the first few minutes of the session to touch a day’s high of 44,151 points.However, the benchmark could not sustain the positive momentum and adopted a negative trend for the rest of the session. It touched a day’s low of 43,630 points near the end of the session.

In all, 246 million shares worth Rs 9.5 billion changed hands during the session. Of the 360 traded scrips, 118 advanced, 224 declined and 18 remained unchanged.Overall, cement scrips dominated trading with 35.7m shares traded, while banking and food & personal care scrips followed with 24.7m and 24m shares changing hands respectively.

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