KARACHI: The Pakistan Stock Exchange (PSX) on Friday extended its losses as the benchmark KSE-100 Index decreased another 441 points in the last session of the week with investors opting for profit-taking.
At close, the KSE-100 index finished with a fall of 441.06 points or 1.02% to end at 42,591.51. On a weekly basis, the benchmark index lost 1.57%.
The first-half consisted of dull activity despite opening in the green zone. However, in the second session of the day, investors opted for profit taking, which hammered the index to close in the red zone.
Sectors pushing the benchmark index downwards included banking (85.51 points), technology & communication (63.99 points) and oil & gas marketing (61.06 points).
Volume on the all-share index increased to 265.7 million from 208.1 million on Thursday. On the other hand, the value of shares traded inched up to Rs9.03 billion from Rs7.78 billion recorded in the previous session.
K-Electric Limited was the volume leader with 50.6 million shares, followed by Pak Refinery with 16.8 million shares and Pak Elektron with 13.1 million shares.
Shares of 331 companies were traded on Friday, of which 90 registered an increase, 218 recorded a fall, and 23 remained unchanged.
