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PSX ends on negative note as KSE-100 Index sheds 108 points

KSE-100 index recorded a decrease of 108.81 points or 0.24%

KARACHI: The Pakistan Stock Exchange (PSX) concluded the week on a negative note as the benchmark KSE-100 Index shed 108 points in Friday’s session.

The KSE-100 index opened on a positive note but recorded losses at regular intervals. The downtrend turned steeper after trading resumed after the prayer break as the index once again fell below the 44,500-point mark.

At close, the benchmark KSE-100 index recorded a decrease of 108.81 points or 0.24% to settle at 44,477.23. Among other indices, the KMI-30 Index lost 172.32 points to close at 71,477.37, while the KSE All Share Index ended flat (+20.47 points), ending at 30,599.23.

Overall, volumes decreased from 296.03 million shares to 176.1 million shares (-40.5% day-on-day). Meanwhile, the traded value clocked in at $6.8 million against $10.5 million.

During the session, shares of 550 listed companies were traded. At the end of the session, 165 stocks closed in the green, 369 in the red, and 16 remained unchanged.

WorldCall Telecom was the volume leader with 18.5 million shares, losing Rs0.01 to close at Rs2.53. It was followed by Telecard Limited with 14.2 million shares, losing Rs0.59 to close at Rs18.67, and Silk Bank with 9.3 million shares, gaining Rs0.04 to close at Rs1.56.