SANA MAHMOOD
KARACHI: With phantom of Panamagate still looming over the bourse, sentiments prevailing in the market was by and large negative today.
Like yesterday another specter haunting the investors was regulatory action being taken against the badla method.
With benchmark KSE-100 index losing 26 points the intraday trading closed at 48,628.
It is pertinent to mention here that due to a number of reasons, predominantly indecision apropos Panama case, the benchmark index has been shedding points for four days now.
Over 92.6 million shares were traded worth Rs. 9.49 billion. 324 companies’ stocks were traded, 71 gained in value, 239 declined and 14 remained unchanged.
Top five companies that led the volumes were: TRG Pak Ltd, 14.3m shares [+1.92pc]; Sui North Gas, 12.1m shares traded [+0.85pc]; Power Cement Ltd, 11.9m shares traded [+5.46pc]; K-Electric, 10.8m shares[+1.05pc]; Bank of Punjab, 8.76m shares 1.40pc].