Ongoing political turmoil, worst economic situation, higher policy rate, and delay in international funding have drastically affected Pakistan Stock Exchange and crushed investors’ confidence as the benchmark KSE-100 Index lost 0.42 percent to end the week below the 39,700 level.
On Friday, KSE-100 index closed the session in red zone as it lost 169.13 points (0.42% DoD) to close at 39,669.20.
On a weekly basis, the benchmark index registered a decline of 4%.
The benchmark KSE-100 index made an intraday high of 39,938.32 and an intraday low of 39,497.73 during the day.
By the session’s end, the total volumes of the KSE-100 index stood at 76.13mn shares, decreased by 11.73% DoD from 86.25mn shares traded on Friday.
Out of 100, shares of 90 companies were traded on Friday, of which 55 recorded a fall, 28 registered an increase and seven remained unchanged.
In terms of sectors, most of the negative contributors were technology, cement, and fertilizer which negatively contributed 199.11 points, on the flip side, the power gencos closed the session positively, gaining 58.95 points by the day’s end.
Meanwhile, the volume leaders on the benchmark index were HUBC (8.32mn), PPL (6.85mn), CNERGY (5.08mn), MLCF (5.08mn), and PAEL (4.66mn).
The stocks that emerged as net losers during the day included: RMPL (6.46%), NESTLE (7.34%), MARI (1.62%), LUCK (2.05%), and SYS (1.37%). On the other hand, the scrips which gained the most during the session included PSEL (4.75%), ICI (2.13%), INDU (1.18%), PKGS (2.98%), and PSMC (PSX ends week on negative note as KSE-100 index drops 169 points3.48%).
