The index largely resisted fresh declines today to close down marginally lower at 33975 down 56pts. Volumes reduced by 20pc while value traded declined by 30pc as heavy weight stocks saw less activity with most volumes registered in Lotte, TRG, Byco, PIBTL and Azgard nine. Cement stocks mostly edged lower.
Earnings season kicked of with Bank al Habib announcing 3rd quarter results.
NBP PIBTL Gadoon Textile, Noon Pakistan, Sapphire Fibres, Mitchells Fruit farms, and Saif textiles were the gainers for the day ending up 5pc. Samba bank gained 10pc. TREET gained 4pc.
PACE pakistan was down 6pc.
Value traded was led by PAEL, TRG which closed level and SEARL. SEARL ended up 3.3pc. HASCOL moved up 2.5pc.
Overall it was a mixed day at the exchange. Regional market volatility and crude oil prices weigh on investor sentiment,
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