PSX closes fourth consecutive session in pink

KARACHI: The Pakistan Inventory Trade (PSX) continued with its shedding streak for the fourth consecutive session on Thursday, because the indices that opened positively quickly gave into strain to shut within the pink zone.
On the financial entrance, the Worldwide Financial Fund (IMF) is scheduled to satisfy on Wednesday (July 03) to contemplate the three-year prolonged fund facility of $6 billion for Pakistan.
In the meantime, the federal authorities accepted to extend gasoline tariffs by as much as 190computer and electrical energy costs by Rs1.50 per unit to recuperate a further Rs334 billion from shoppers, fulfilling the remaining two main situations of the IMF.
Furthermore, the Pakistani Rupee continued with its downward journey and opened the session on Thursday at Rs164/164.5 within the interbank market.

Depleting by 567.18 factors, the KSE-100 Index touched its intraday low of 33,521.38. failing to seek out any constructive triggers, it closed decrease by 314.14 factors at 33,774.42. The KMI-30 Index declined by 697.54 factors to finish at 53,907.03, whereas the KSE All Share Index fell behind by 212.48 factors, closing at 24,876.55. The advancers to decliners ratio stood at 129 to 156.
The buying and selling volumes contracted from 159.68 million within the final session to 135.02 million. Okay-Electrical Restricted (KEL -0.48computer), Pak Elektron Restricted (PAEL -2.40computer) and Fauji Fertilizer Bin Qasim Restricted (FFBL +0.50computer) led the quantity chart. The scripts had exchanged 24.99 million shares, 7.53 million shares and 6.49 million shares respectively.
The car elements and equipment sector misplaced -1.82computer from its cumulative market capitalization. Common Tyre and Rubber Firm of Pakistan Restricted (GTYR -4.99computer) and Baluchistan Wheels Restricted (BWHL -4.99computer) touched their decrease lock, whereas Thal Restricted (THALL -1.79computer) and Agriautos Industries Restricted (AGIL -1.48computer) additionally ended the session within the pink.
The oil and gasoline explorations sector (-1.500computer), tobacco sector (-1.49computer), cement sector (-1.40computer), cable and electrical items sector (-1.23computer) and funding banking sector (-1.21computer) all closed as losers.

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