PSX: Bears color the bourse red as bulls getaway after a day’s reign!

SM

KARACHI: Bourse that turned green on the first trading day following  Eid-ul-Azha holidays, turned bearish today causing bench mark KSE-100 index go down by 0.93% closing at 41,390 points.

Overall Rs. 8.6b worth of 147.82 m shares changed hands. Value of shares of 94 companies augmented, 245 plummet while 19 remained stagnant.  

Commercial Banks, Technology and Engineering Sectors dominated the day’s trading with 32.7m shares, 17.4m shares and 15.3m shares respectively.

Top five traders today were:TRG Pak Ltd., 16.0m shares (+0.27pc); JS Bank Ltd., 12.5m shares (-1.21pc); Aisha Steel Mills, 8.3m shares (-2.45pc); Habib Metropolitan,  6.5m shares (-3.03pc); Habib BankXD, 5.8m shares (-4.99pc).

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.