The Pakistan Stock Exchange (PSX) was negatively impacted by election-related uncertainty as the benchmark KSE-100 index dropped more than 2,000 points before recovering some ground on Friday during the post-election trading session.
During the opening minutes of trading, the benchmark index plunged to a low of 61,781.76, a decrease of 2,362.11 points or 3.8%.
At close, the KSE-100 settled at 62,943.75 level, with a decrease of 1,200.12 points or 1.87%.
Experts attributed the decline to the general election results that surprised analysts as well as the delay in clarity.
Index-heavy stocks including OGDC and PPL were trading in the red.
Volume on the all-share index decreased to 258.1 million from 327.6 million a session before.
The value of shares declined to Rs12.5 billion from Rs14.3 billion in the previous session.
K-Electric Ltd was the volume leader with 20.5 million shares, followed by Oil & Gas Dev. with 18.9 million shares, and Pak Petroleum with 17.9 million shares.
Shares of 319 companies were traded on Friday, of which 55 registered an increase, 241 recorded a fall, while 23 remained unchanged.
