PSX 100 index sheds over 1,991 points on year end

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed in a red zone on Thursday amid year end and law and order concerns which are affecting investors sentiments, reported 24NewsHD TV channel. 

KSE-100 shed 1,991.49 points, or negative 1.77 percent to settle at 110,423.32 points, from 112,414.81 points on the last trading day at the stock market. A total of 628 million shares were traded during the day as compared to 880.6 million shares the previous trading day. 

The price of shares stood at Rs33.58 billion as compared with Rs54.46 billion on the last trading day at the Pakistan Stock Exchange. 

Analysts said the benchmark index experienced a decline, closing the session at 110,423 points, down by 1,991 points or 1.77%. They said that the market has been influenced by increased leverage and the expiry of December contracts, furthermore, the ongoing security concerns at the borders are affecting investor sentiment. 

Fauji Foods Ltd remained the top-trading company with 93.34 million shares at Rs16.39 per share, followed by WorldCall Telecom with 49.88 million shares at Rs1.72 per share. TRG Pak Ltd remained the third with 46.91 million shares to settle at Rs70.45 per share at the closing of the PSX.