PSX: KSE 100 Index stays flat as investors remained cautious

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Pakistan Stock Exchange or PSX had not seen a key change as investors remained cautious ahead of the weekend. Karachi Stock Exchange or KSE 100 Index also observed a flattish note.

KSE 100 Index gained just 21.5 points and reached to 41,388.8 points. The activity remained low yesterday as investors usually avoid taking risks before the weekend. The stock market is also impacted by the fall in international oil prices and the decline in other markets.

Companies whose share prices increased are Engro Polymer and Chemical, TRG Pakistan, K-Electric, Siddiqsons Tin Plate, Bank of Punjab, etc.

Lucky Cement and United Bank shares remained under the pressure of selling. However, both are facing risk of being removed from the MSCI Emerging Market index.

The sectors contribute positively to KSE 100 Index included textiles by 22 points, cement by 25 points, oil and gas marketing companies 35 points, and fertilizer by 55 points.

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