Stocks falter on economic uncertainty.

KARACHI -- Stock prices observed a mixed trend on Tuesday as investors remained cautious on account of further delays in the signing of the staff-level agreement between the government and the International Monetary Fund (IMF).

Arif Habib Ltd said the benchmark of representative shares stayed on the higher side initially. But then trading became choppy as uncertainty on the economic front as well as the unfolding political situation in Lahore crushed investors' confidence, it added.

Trading volumes remaiAned healthy across the board as third-tier stocks stayed in the limelight.

As a result, the KSE-100 index settled at 41,816.43 points, down 40.42 points or 0.10 per cent from the preceding session.

The overall trading volume decreased 32.1pc to 185.3 million shares. The traded value went down 0.6pc to $23.9m on a day-on-day basis.

Stocks contributing significantly to the traded volume included Hascol Petroleum Ltd (26.6m shares), WorldCall Telecom Ltd (13.1m shares), Ghani Global Holdings Ltd (13m shares), Telecard Ltd (10.2m shares) and Oil and Gas Development Company Ltd (8.6m shares).


To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT