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Entire day report: PSX shut in the red in the midst of offering weight

The Pakistan Stock Exchange shut Wednesday’s exchanging session back in the red, with the benchmark KSE-100 list losing about 33 focuses, or 0.07 for each penny, by market near achieve 49,331.54.

178 million shares of KSE-100 organizations changed hands amid the day, with an aggregate worth of about Rs11.8 billion. Almost 380m partakes altogether were exchanged on the PSX amid the day, with an aggregate worth of Rs16.5bn.

The file had shut flattish on Tuesday, subsequent to opening in the red and jumping 273 focuses to an intraday low over financial specialists’ worries over the countrywide security circumstance. Adding to the weight, financial specialists kept on settling their prospects contracts before Friday.

Be that as it may, deal seekers had gotten stocks at lower valuations, while foundations filtered out scrips for their portfolios, which saw file ascend by 174 focuses. The offering weight had been more significant in second-level stocks, while blue-chips figured out how to stand their grounds.

By and large, loads of 409 organizations were exchanged on the trade on Wednesday, of which 90 picked up in esteem, 304 declined and 15 stayed unaltered.

Volumes were driven by:

K-Electric Ltd: 56.83m shares exchanged (- 1.63pc);

Aisha Steel Mill: 34.22m shares exchanged (- 4.69pc);

Control Cement Ltd: 24.57m shares exchanged (- 4.79pc);

Bank Al-Falah: 16.16m shares exchanged (+1.97pc); and,

TRG Pak Ltd: 14.42m shares exchanged (- 1.33pc).

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