KARACHI: The Pakistan Stock Exchange (PSX) on Friday extended losses from the previous session, as the benchmark KSE-100 fell 0.48% after range-bound trading, while both volume and value of shares traded declined on a day-to-day basis.
The indices remained in the red for the entire trading session, as the benchmark index lost 248 points to hit an intra-day low of 43,232.
At close, the KSE-100 index settled with a loss of 210.85 points or 0.48% at 43,270.65. On a weekly basis, the KSE-100 Index gained 0.96%.
A report from Topline Securities stated the market remained range bound throughout the day as investors opted for profit taking.
Volume on the all-share index declined to 306.2 million from 621.2 million on Thursday. On the other hand, the value of shares traded declined to Rs6.4 billion from Rs10.5 billion recorded in the previous session.
Hascol Petrol was the volume leader with 71.46 million shares, followed by Pak Refinery with 19.46 million shares, and Bank of Punjab with 19.14 million shares.
Shares of 323 companies were traded on Friday, of which 110 registered an increase, 185 recorded a fall, and 28 remained unchanged.
