Pakistani Stocks closed almost flat after gaining 26 points as the investors worried about the spreading of Covid-19 cases in Karachi and other parts of the country. The KSE-100 closed up with 26 points (0.06 per cent) at 40,540.70.
The trading volume further increased to 188.5 million shares today as compared to 145.8 million traded in the previous session, according to PSX website data. The daily traded value increased to Rs 8.101 billion from Rs 6.250 billion in the previous session, the data said.
The market had touched at 40,746.01 levels during the session, while it remains low at 40,428.88 points.
The investors were waiting for the changes in Circuit Breakers (CB) from existing 7.5 per cent to 10 per cent in a phased manner along with the introduction of the second level of Index-based market halt at 7 per cent, the analyst at a brokerage house said.
An analyst claimed that the investors were making money from the currency markets today as the dollar was being traded high in interbank and open currency markets. There was no negative sentiment in the stock markets today, but the local currency depreciation was the main reason of the inflation. The investors were also looking towards a visit of Prime Minister Imran Khan to Afghanistan, he claimed.
The PSX in its notice issued late night said that the enhancement of scrip-based CBs was implemented in a phased manner along with the introduction of the index-based market halt in January earlier this year.
GBs were enhanced from 5 per cent to 7.5 per cent in a phased manner and market half was implemented based on KSE-30 index movement, initially at 4 per cent and later raised to 5 percent.