Summary: Despite crossing the 180,000-point mark for the second consecutive trading day on the Pakistan Stock Exchange, the KSE-100 Index could not maintain its position at the close of business. The index closed at 177,373 points after a decline of 1,710 points, while the KMI-30 Index also saw a significant decline.
Karachi: Despite the benchmark KSE-100 index crossing the 180,000-point mark for the second consecutive trading day on the Pakistan Stock Exchange, it failed to maintain this level until the end of trading and the market recorded a downturn.
The stock market started the trading week with a positive trend and at one point the KSE-100 index rose by more than 1,250 points to reach the highest level of the trading day at 180,310 points.
However, due to selling pressure during trading, the index could not maintain its high level and closed at 177,373 points after a decline of 1,710 points at the end.
On the other hand, a negative trend was also seen in the KMI-30 index, an important measure of Islamic investment. According to the latest available data, the index was at 253,530.68 points, down 2,543.14 points, or one percent.
Trading activity was also prominent in the stock market. A total of more than 1.07 billion shares were traded, worth more than Rs 37 billion.
The total market capitalization also recorded a decline of Rs 152 billion, after which the market capitalization decreased to Rs 19,224 billion.
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