You are currently viewing PSX: Political noise allows bears bleed the bourse red!
red Copy

PSX: Political noise allows bears bleed the bourse red!

KARACHI: As political noise frightened bulls out, bears colored the bourse red on week’s second trading day.

Benchmark KSE-100 Index closed at 39,945 shedding 104 points. Rs. 6.15b worth of 147m shares were traded today. Value of the shares of 190 companies augmented, 148 plummeted, while 16 remained stagnant.

With the changing hands of 17.9m shares (+3.31pc) K-Electric dominated the trade. Other leaders today were TRG Pak Ltd: 12.7m shares (+0.94pc); Japan Power, 12.2m shares (+78.12pc); WorldCall Telecom, 11.9m shares (+3.09pc); Azgard Nine, 10.6m shares (+1.43pc).

Tags: ,

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.