The Pakistan Stock Exchange (PSX) remained under pressure on Friday as the KSE-100 index slid 1.11% owing to political uncertainty in view of another long march to the capital.
As a result of unretained political situation, the KSE-100 Index fell 462.53 points or 1.11% to close at 41,140.33. On a weekly basis, the benchmark KSE-100 index lost 2.54%.
The first session kicked off at a negative note and the market fell in the first session to close with a loss of 270 points. The decline intensified in the second half and the losses inflated further.
Index-heavy automobile, cement, oil and chemical sectors closed with massive losses.
Sectors dragging the benchmark KSE-100 index lower included cement (80.91 points), oil and gas exploration (74.35 points) and technology and communication (70.54 points).
Volume on the all-share index contracted to 177.8 million from 203.6 million on Thursday. Similarly, the value of shares traded fell to Rs4.7 billion from Rs6.4 billion recorded in the previous session.
WorldCall Telecom was the volume leader with 25.7 million shares, followed by K-Electric with 13.2 million shares and Cnergyico PK with 10.4 million shares
Shares of 322 companies were traded on Friday, of which 87 registered an increase, 220 recorded a fall, and 15 remained unchanged.
