PSX Closing Bell: Red Rout

Mettis Global reported that the Pakistan Stock Exchange ended Thursday's session slightly weaker, with the KSE-100 index falling 206.60 points, or 0.11 per cent, to 180,104.61. Selling in commercial banks, investment companies, technology and oil and gas exploration shares outweighed buying in fertilizer, leather and refinery counters. The index had swung within a range of 1,397.93 points, peaking at 181,433.85 before dipping to 180,035.92.

Sentiment stayed cautious as oil prices rose following fresh attacks on ships in the Gulf of Oman and the Red Sea, raising worries about global supply. A major oil spill off Oman, which was still spreading, added to concerns over supply and geopolitical risk. Only 39 of the index's 100 constituents finished higher, while 60 ended in the red and one was flat.

The All-Share Index finished at 108,838.05 after shedding 150.10 points, or 0.14 per cent, while traded value reached Rs36.69 billion. PAKT led the losers with a 4.31 per cent drop, and CNERGY topped the gainers with a 4.35 per cent rise. Over the calendar year so far, the KSE-100 has added 6,050 points, or 3.48 per cent, though it is down 197 points over the fiscal year.