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KARACHI: The Pakistan Stock Exchange (PSX) witnessed a topsy-turvy trading session on Friday as the KSE-100 index climbed in first half and dipped in the second.
The first session kicked-off on a positive note and the index breached 47,500 point barrier for a brief period before selling pressure dragged it partially downward. Bearish trading persisted in the second half as well however a buying spree, emerging in the last hour, helped the index recoup losses.
The benchmark KSE-100 Share Index inched 76.62 points or 0.16 percent up to close at 47,295.80 points with the highest and lowest of the day being 47,608.46 and 47,184.15 points respectively.
Overall trading volumes decreased to 469.87 million shares compared with Thursday’s tally of 561.9 million. The value of shares traded during the day was Rs15.94 billion. Shares of 363 companies were traded. At the end of the day, 180 stocks closed higher, 164 declined and 19 remained unchanged.
WorldCall Telecom was the volume leader with 41.91 million shares, gaining Rs0.03 to close at Rs2.69. It was followed by Ghani Global Holdings with 36.44 million shares, gaining Rs1.86 to close at Rs35.8 and Telecard Limited XB with 24.22 million shares, gaining Rs0.43 to close at Rs18.63.