KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a tug of war between bulls and bears on Friday, with the indices swaying in both directions before landing in the green.
The benchmark KSE-100 Index remained volatile throughout the day, recording its intraday low at 48,022.72 and intraday high at 48,411.87. It settled higher by 81.04 points at 48,238.67.
Volumes saw a marked decline in the last trading session of the week indicating that investors are waiting for clarity on the economic front. At the closing bell 210 companies had advanced with 151 closing in the red. 22 scrips remained unchanged.
Market participation for the KSE100 Index increased to 304m from 290m (+5% on d/d basis). Major contribution to total market volume came from HUMNL, WTL and BYCO combined for 235m shares out of the total market volume of 751m shares.
