KARACHI: Trading activity remained lacklustre at the Pakistan Stock Exchange (PSX) on Friday, where the index traded in a narrow band virtually closing flat as late selling wiped out early gains.
The benchmark KSE-100 Index remained in the green for the most part, recording its intraday high at 45,312.05 after gaining 269.08 points. The index, however, lost momentum later in day and fell to its low at 45,042.25.
It finally settled lower by 5.13 points at 45,077.91. Among other indices, the KMI-30 Index dropped 165.09 points to end at 73,156.98, whereas the KSE All Share Index gathered 41.81 points, closing at 30,802.68.
A total of 258,912,326 shares were traded during the day compared to the trade of 173,590,986 shares the previous day whereas the price of shares stood at Rs8.125 billion against Rs6.570 billion the previous day As many as 333 companies transacted shares in the stock market, 200 of them recorded gain and 113 sustained losses, whereas the share price of 20 companies remained unchanged.
The three top trading companies were Hum Network with a volume of 37,883,500 shares and price per share of Rs7.12, WorldCall Telecom with a volume of 31,457,000 and price per share of Rs2.21 and Ghani Glo Hol with volume of 16,530,000 and price per share of Rs20.63.
Nestle Pakistan witnessed a maximum increase of Rs150 per share, closing at Rs5600 whereas the runner up was Sapphire Tex the share prices of which climbed up by Rs65.07 to Rs1083.
Unilever Foods witnessed maximum decrease of Rs280 closing at Rs21995 followed by Colgate Palm, the share price of which declined by Rs114.99 to close at Rs2285.01.
