Finance

KSE 100 market index closing at 0.59pc

Karachi, August 24, 2021: Profit taking was witnessed today at the bourse with the benchmark KSE 100 Index closing the day at 47,828 level (down 0.59 percent).

Geopolitical concerns resurfaced as the Taliban warned that there would be consequences if the United States and its allies try to remain in Afghanistan beyond next week as per news reports.

Read More: Market closing near session’s high trade with 512pts

Moreover, the dollar also continued its upward trajectory and traded above Rs165, a level last-seen in September 2020.

ENGRO and PSO, who announced their financial results today, witnessed selling pressure and dragged the benchmark index lower by a cumulative 91.44 points as investors seemed disappointed over their payouts.

Additionally, MEBL, LUCK & PPL also witnessed profit taking and dragged the index lower by a cumulative 90.14 points.

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On the volume front, the total traded volume and value clocked in at 394.90 million shares and Rs13.67 billion respectively. WTL regained the top of the volume charts with a total of 43.69 million shares exchanging hands in today’s session.

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