KARACHI
\nThe Pakistan Stock Exchange (PSX) closed lower on Thursday, with the benchmark KSE-100 index shedding 1,733.6 points, or 1.01%, to finish at 170,499. Volume on the index was 315 million shares; the All-Share Index dropped 1.08% to 103,103.
\nThe index opened stronger and touched an intraday high of 172,491 before selling accelerated in the second half, as per KTrade. It bottomed at 170,418.
\nCommercial banks, cement, oil and gas exploration, power and refinery stocks led the decline. UBL was the largest point drag (about \u2212200 points), followed by LUCK, MARI, HUBC and NBP.
\nBrent crude moved toward $107 a barrel, keeping geopolitical and macroeconomic concerns elevated. That reversed much of Wednesday\u2019s 830-point gain, which had been supported by hopes around US-Iran talks and the arrival of an IMF mission. A genuine structural positive did not save the session.
\nNational Refinery (NRL), Attock Refinery (ATRL) and Cnergyico (CNERGY) signed upgrade agreements with Inter State Gas Systems (ISGS) under the amended brownfield refinery policy \u2014 part of a roughly $6billion modernisation push aimed at Euro-V fuels and lower import dependence. Refinery stocks still closed lower with the broader market.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI The Pakistan Stock Exchange (PSX) closed lower on Thursday, with the benchmark KSE-100 index shedding 1,733.6 points, or 1.01%, to finish at 170,499. Volume on the index was 315 million shares; the All-Share Index dropped 1.08% to 103,103. The index opened stronger and touched an intraday high of 172,491 before selling accelerated in the …<\/p>\n","protected":false},"author":4,"featured_media":78403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-103432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/103432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=103432"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/103432\/revisions"}],"predecessor-version":[{"id":103453,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/103432\/revisions\/103453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/78403"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=103432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=103432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=103432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}