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Bourse in the red

PSX: Bears keep on coloring the bourse red on week’s 4th trading day!

KARACHI: Benchmark KSE-100 Index remained in the red (43,073) on week’s 4th trading day shedding 368 points.

Rs. 4.96b worth of 69m shares changed hands today. Value of the shares of 243 companies plummeted, 85 augmented while 24 remained stagnant.

Textile, Cement, Power Generation and Chemical sectors led the trade of shares today. Top five traders were: Azgard Nine, 24.77m shares (-0.88pc); K-Electric: 9.03m shares (-0.12pc); Pak Elektron, 8.91m shares (-1.95pc); Fauji Cement, 7.19m shares (-0.32pc); Unity Foods, 7m shares (+0.74pc).

 

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.