KARACHI: The Pakistan Stock Exchange (PSX) on Friday failed to keep up with its positive momentum and ended the session in red as the benchmark index reacted sharply to the current account deficit.
After opening positive and easily moving past 47,000, the KSE-100 retreated sharply in the second session, erasing all its gains to reach the 46,500 level. The index hit an intra-day high of 47,183.08 in the first session.
However, at close, the KSE-100 finished with a loss of 284.38 points or 0.61% to settle at 46,636.08. Sectors dragging the benchmark KSE-100 index lower included cement (73.45 points), banking (58.49 points) and technology and communication (57.02 points).
Volume on the all-share index decreased from 405.18 million on Thursday to 387.29 million on Friday. The value of shares traded also marginally declined during the session, amounting to Rs16.24 billion from Rs16.51 billion.
WorldCall Telecom was the volume leader with 42.41 million shares, followed by TRG Pakistan Limited with 25.23 million shares, and Byco Petroleum 20.91 million shares.
Shares of 525 companies were traded on Friday, of which 173 registered an increase, 327 recorded a fall, while 25 remained unchanged.
