PSX: Lack of immediate triggers emboldens bears to color the bourse red!

Bearish bourse

Post author:M M Alam
Post published:13/02/2018
Post category:Business / Economy

KARACHI: Benchmark KSE-100 Index closed in the red at 43,515 shedding 293 points. Rs.7.9b worth of 215.3m shares were traded today.

Textile, Chemical and Communication Sectors led the trade on week’s first trading day with 38.2m, 24.9m and 19.6m shares.

Today’s top five traders were: Azgard Nine, 34.2m shares (-5.30pc); TRG Pak Ltd., 12.1m shares (+2.06pc); Aisha Steel Mills 9.6m shares (-2.07pc); K-Electric Ltd., 8.06m shares (-0.15pc); Dewan Motors, 8.3m shares (+4.99pc).

Tags: PSX: Lack of immediate triggers emboldens bears to color the bourse red!

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.