PSX Closing Bell: A Quiet Retreat

Mettis Global reported that the KSE-100 closed Thursday's session at 168,636.85, a fall of 1,332.47 points or 0.78 per cent. Intraday, the index moved between a high of 170,688.38 and a low of 168,567.78, a swing of about 2,120 points. Trading volume reached 149.85 million shares across the index companies.

Breadth was weak, with 13 index companies closing higher and 86 finishing lower, while one stock ended flat. Among the heaviest drags on the index were PPL, HUBC, OGDC and FFC, while SSOM led the gainers with a rise of 7.62 per cent. Commercial Banks, Oil & Gas Exploration Companies and Cement were the sectors that weighed most on the benchmark.

Market-wide, the All-Share Index closed at 102,097.08, down 795.55 points or 0.77 per cent, while traded value fell to Rs17.05 billion, Rs3.14bn lower than the previous session. Over the longer run, the KSE-100 is down 6.47 per cent in the fiscal year and 3.11 per cent in the calendar year to date.