PSX Closing Bell - Index Loses 439 Points, Closes Negative for Tenth Straight Session

KSE100 Index managed to repeat its feat from two months ago when it closed negative for a tenth straight session. The index had remained positive for much of Friday's first session making an intraday high of 31,637.22 (+196.20) points before closing the first session with a 51 point gain. It could not, however, sustain that level and fell at the start of the second session touching a low of 30,887.74 (-553.28) before closing at  31,001.49 (439.53) points. The Index traded in a range of 749.48 points or 2.38 % of previous close. Total traded volume fell to 137 million shares compared to 190 million from the previous session while Market Cap decreased by another Rs.80 billion. Out of the 331 traded companies 84 closed up, 230 closed down while 17 remained unchanged.

According to figures released by NCCPL Foreign Investors were Net Sellers by USD 4.316 Million. For the week, Foreign Investors were net buyers by USD 1.21 Million

* Amount in USD

During the week the index lost 1,533.36 points or 4.71% of its value wiping out Rs.320 Billion in Market Cap. In the last 10 Days the index has lost 2,227.46 points or 6.70% of its value reducing the market cap by Rs.456 Billion.