The Pakistan Stock Exchange (PSX) experienced a volatile session with the KSE-100 Index closing the day flat due to investors’ concerns over the ongoing uncertain political and economic conditions. The benchmark index reached an intraday high of 125 points and a low of 82 points before ending the day 0.08% down at 39,848.35. Arif Habib Limited (AHL) reported that the benchmark index opened in the green but traded sluggishly throughout the session as investors remained cautious over the delay in the signing of an IMF agreement between the government and International Monetary Fund (IMF), alongside the prevailing political uncertainty influencing investor confidence. The rupee inched against the US dollar in interbank markets on 31 October, up by 0.9% to settle at 283.66, and volume on the all-share index decreased to 88.7m from 108.8m. Shares of 286 companies were traded, with 123 registering an increase, 138 recording a fall, and 25 remaining unchanged. The sectors painting the benchmark index in red included miscellaneous (-37.90 points), technology and communication (-21.39 points), and investment banking (-12.75 points). The value of shares traded increased to PKR3.9bn ($30.7m) from PKR3.2bn ($25.3m) recorded in the previous session.
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