Index closes lower as economic worries take their toll

Index closes lower as economic worries take their toll

The Pakistan Stock Exchange saw the wind continue to leave its sails on Thursday, with its benchmark KSE-100 Index losing 155 points (0.33pc) to close at 46,331.71 for the day.

In the fourth session of what has largely been a disappointing week after an encouraging eight-day rally, the index continued to lose ground as worries over the country's weakened economic position prevailed.

After touching a day's high of 46,578 right after market open, the index continued on a sustained slide to the day's low of 46,220 before late activity saw stocks recoup some of their losses.

Overall volumes rose to 332.9 million shares traded, worth Rs10.21 billion. A total of 392 scrips were traded over the day, with 157 advancing, 215 declining and 20 closing unchanged from the previous day.

Volumes were led by:

1. K-Electric: 47.54m shares traded (+2.77pc)
2. Engro Polymer: 23.87m shares traded (+4.26pc)
3. PIA: 21.78m shares traded (+6.21pc)
4. Agritech Ltd: 12.38m shares traded (-2.53pc)
5. Lotte Chemical: 10.43m shares traded (-0.62pc)