KARACHI: The Pakistan Stock Exchange (PSX) concluded the week on a negative note as the benchmark KSE-100 Index shed 257 points in Friday’s session.
The benchmark index swung both ways in search of a clear direction before succumbing to the selling pressure in the second half of today’s trade. The KSE-100 index concluded the day with a 257.04 point or 0.54 percent decline to close at 47,055.29.
The trading activity was knocked by the announcement of the Sindh govt to impose a strict lockdown in Karachi till August 8 in order to curb the surging infection ratio.
The Index traded in a range of 720.81 points or 1.52 percent of the previous close, showing an intraday high of 47,641.96 and a low of 46,921.15. Of the 95 traded companies in the KSE100 Index, 33 closed up 60 closed down, while 2 remained unchanged.
Sector-wise, the index was let down by Technology & Communication with 54 points, Fertilizer with 45 points, Cement with 35 points, Commercial Banks with 27 points and Textile Composite with 17 points.
The most points added to the index was by EFERT which contributed 12 points followed by MEBL with 11 points, PSX with 10 points, HMB with 9 points and SCBPL with 8 points.
The total volume traded for the index was 156.53 million shares. Total companies traded were 407 compared to 405 from the previous session. Of the scrips traded 139 closed up, 252 closed down while 16 remained unchanged.
