Daily Times

The Pakistan Stock Exchange (PSX) failed to carry forward its positive momentum and ended a volatile session flat, as it lost around 37.54 points and closed at 36,765.56-level.

The KSE 100 Index benchmark marked its intraday high at 37,171.04 during the initial hours of the trading. The index remained volatile thereon, stumbling to its day’s low at 36,672.22. The KMI 30 Index fell by 439.40 points to close at 59,977.46, whereas the KSE All Share Index gained 50.34 points, ending at 26,177.27. Out of the total traded shares, 177 advanced while 156 declined.

Of the 95 traded companies in the KSE100 Index 48 closed up 47 closed down, while 0 remained unchanged. Total volume traded for the index was 189.21 million shares. All share volume increased by 9.12 million to 292.06 million shares. Market Cap increased by Rs.12.56 Billion.

The overall market volumes were recorded at 292.06 million. Unity Foods Limited, Pak Elektron Limited and TRG Pakistan Limited led the volume chart. The scripts had exchanged 16.15 million, 16.08 million and 14.63 million shares, respectively.

Sectors that propped up the index were Power Generation & Distribution with 80 points, Automobile Assembler with 17 points, Food & Personal Care Products with 16 points, Technology & Communication with 15 points and Automobile Parts & Accessories with 9 points.

The most points taken off the index was by Fauji Fertilizer Company which stripped the index of 35 points followed by Dawood Hercules Corporation Ltd with 25 points, Engro Fertilizers Limited with 25 points, Pakistan Oilfields Limited with 20 points and Muslim commercial Bank with 19 points.

Meanwhile, overseas Pakistanis remitted $2 billion in the month of October 2019 compared to $1.75 billion in September 2019 showing an increase of $252.85 million over the previous month.

However, according to data released by the State Bank of Pakistan the remittances decreased by $ 59.57 million when compared to October 2018.

The total amount remitted during July-October Fiscal Year 2020 was $7.4789 billion compared to $7.6180 billion from the corresponding period of Fiscal Year 2019 which showed a decrease of $139.06 million.