PSX bleeds 114 points amid selling pressure

The KSE-100 Index gained 0.17% on week-on-week basis.

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bearish trend today (Friday) amid selling pressure, with the benchmark KSE-100 Index shedding 114.39 points (-0.24pc) to close at 47,686.18 points.

Continuing momentum from the previous day, the index remained in the positive zone in the first half of the session. However, selling pressure was observed in the second half as investors came to book their profits above the 48,000 level.

The KSE-100 Index traded in a range of 442.09 points, registering its intraday high at 47,079.85 and a low of 47,637.76. It finally settled at 47,686.18 points. The KSE-100 Index gained 0.17% on week-on-week basis.

Among other indices, the KSE All Share Index lost 97.51 points (-0.3pc) to close at 32,724.24 points, while the KMI 30-index dropped 215.18 (-0.28pc), ending at 77,305.16 points.

Volume on the all-share index decreased from 760 million shares on Thursday to 563.81 million on Friday. The value of shares traded during the session amounted to Rs16.32 billion. Shares of 414 companies were traded on Friday, of which 175 registered an increase, 224 recorded a fall, while 15 remained unchanged.

Hascol Petrol was the volume leader with 49.54 million shares followed by WorldCall Telecom with 43.77 million shares, and Kohinoor Spinning at 28.88 million shares.