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PSX: Nawaz’s challenging SC verdict lets bears turn the bourse red!

SANA MAHMOOD

KARACHI: Political uncertainty allowed bears turn the bourse red today forcing KSE-100 Index close at 43,899 after shedding 1389 points.  

Rs. 6.9b worth of 85.4m shares of KSE-100 entities traded. With trading of 31.3m, 19m and 15.5 m shares Banking, Chemical and Engineering sectors dominated.

Today’s five top traders were: Bank of Punjab, 12.4m shares (-4.97pc); K-Electric Ltd., 12.2m shares (-3.48pc); Azgard Nine, 9.8m shares (-6.03pc); Engro Polymer, 9.3m shares (-4.99pc); Lotte Chemical: 8.4m shares (-8.14pc).

Of all the 379 companies that traded today only value of shares of 39 gained, 14 remained unchanged while the remaining took a nosedive.

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.