KARACHI: The Pakistan Stock Exchange (PSX) on Friday witnessed a lackluster session as the KSE-100 Index ended with a gain of 39.96 points.
As they awaited news regarding the restart of the International Monetary Fund (IMF) program, investors remained passive.
By the end of the trading session, the benchmark index was up 39.96 points or 0.1% to close at 41,118.61.
The first session started off well, but volatility soon set in and caused the market to swing back and forth between the red and green zones. The second half of the market featured more range-bound activity, and it finished with mixed results.
The auto banking and fertilizer sectors closed in the black, but cements had a mixed day. The chemical industry, however, suffered only minor losses.
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Volume on the all-share index fell to 110.4 million from 141.9 million on Thursday. The value of shares plunged to Rs4.7 billion from Rs7.4 billion recorded in the previous session.
Bank of Punjab was the volume leader with 12.2 million shares followed by WorldCall Telecom with 12.1 million shares and BankIslami with 7.4 million shares.
Shares of 317 companies were traded on Friday, of which 133 registered an increase, 157 recorded a fall and 27 remained unchanged.
