Abb Takk News

Mix Trend Prevails At PSX Today

Karachi: Mix trend prevailed at Pakistan Stock Exchange (PSX) today (Thursday) fourth day of the week.

The PSX had closed on 41,927 after a decrease of 37 points.

The highest level at the market was 41, 986. On the other hand the lowest level of the market was 41, 417.

Yesterday, the bears pulled the benchmark KSE-100 index below the 41,000-point mark as it extended losses for the sixth consecutive session.

A host of robust financial results failed to turn the direction of the market as investors remained cautious ahead of the Federal Reserve meeting tonight which can give a dollar a new direction.

Index-heavy exploration and production, cement, and technology were the major laggards where a modest sell-off was observed.

The session kicked off on a positive note, however, the market failed to sustain the gains due to a lack of investor interest and the index marched downwards. A few attempts made to reverse the direction of the market proved futile and the day ended on a negative note.

At close, the benchmark KSE-100 index closed at 40,965.58 points with a decrease of 255.33 points or 0.62%.