KARACHI: The Pakistan Stock Exchange (PSX) saw no respite on Friday as the KSE-100 Index closed in the red for the eighth consecutive session amid mixed trading.
As a result, the KSE-100 Index finished the day with a drop of 307.74 points or 0.75% to close at 40,620.21. On a weekly basis, the KSE-100 Index lost 2.5%.
Trading began with an uptick however, the market erased all gains owing to selling pressure and ended the first session with 52-point loss. The decline accelerated in the second half and dragged the KSE-100 Index further downward.
The fall dragged index-heavy automobile, cement, chemical, banks and oil sectors lower.
Sectors causing the benchmark KSE-100 Index to slip lower included banking (111.42 points), cement (43.03 points) and power generation and distribution (35.97 points).
Volume on the all-share index fell to 165.3 million from 190.1 million on Thursday. On the other hand, the value of shares traded inched up to Rs6.87 billion from Rs6.3 billion recorded in the previous session.
Hascol was the volume leader with 29.8 million shares, followed by TRG Pakistan with 23.9 million shares and K-Electric with 11.8 million shares
Shares of 314 companies were traded on Friday, of which 106 registered an increase, 176 recorded a fall, and 32 remained unchanged.
