Intraday trade: KSE-100 slips in red after strong early rally

KARACHI: The Pakistan Stock Exchange on the second trading day of the week was seen in red after exhibiting impressive performance in Monday’s trading session.

Despite opening in the green and surging over 576 points, the benchmark KSE-100 index around 11:15 AM was seen 0.04 per cent or 40 points down at 91,898.00 after closing the previous session at 91,938.

The lowest level recorded by the PSX was 91,536 while the intraday high KSE-100 index witnessed was 92,514.

As of 11:25 AM, the stock market bounced back in the positive territory after rising by 26 points to reach 91,964.12. Trading volume stood at 130,438,310.

Top decliners before 12 PM included IBFL, HGFA, SCBPL, UBL, BNWM, DKGC, HBL, AIRLINK, FABL and BAFL.

Top gainers were EPCL, PTC, MEHT, INDU, MUGHAL, PKGP, POML, HUBC, EFUG, ISL, TGL, AGP and KOSM.

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