Pakistan Stock Exchange (PSX) witnessed a volatile session on Friday as the KSE-100 Index dropped 327.60 points with a -0.28% negative change after reaching an all-time high of 119,405.91 points, closing at 118,442.17 against 118,769.77 points on the previous session.
The stock market opened in green and gained over 700 points during the early trading, however later due to selling pressure it could not maintained the winning streak and fell in red.
A total of 172,210,026 shares were traded during the day as compared to 667,875,803 shares the previous trading day, whereas the price of shares stood at Rs14. 910 billion against Rs38.525 billion on the last trading day.
As many as 435 companies transacted their shares in the stock market, 193 of them recorded gains and 190 sustained losses, whereas the share price of 52 companies remained unchanged.
Selling pressure was observed in key sectors including automobile assemblers, cement, commercial banks, power generation, and refineries. Index-heavy stocks including HUBCO, ARL, MARI, PPL, MCB, MEBL, and NBP traded in the red.
Volume on the all-share index decreased to 369.12 million from 667.88 million recorded in the previous close. Whereas, the value of shares lowered to Rs23.27 billion from Rs38.53 billion in the previous session.
