KARACHI: The Pakistan Stock Exchange (PSX) failed to carry forward its positive momentum on the last day of the trading week and ended a volatile session flat.
The benchmark KSE 100 index closed the week at 42,023 after shedding 165.11 points. Friday’s session saw the index fluctuating between the high of 42,291.92 and the low of 41,923.68.
Soon after the trading started, the market was down by over 230 points but it was followed by an overall gain of 103 points. However, the KSE-100 Index again had a tumble after the Friday prayers break and ended the session with a net loss of over 165 points.
A total of 417,224,877 shares were traded as 201 companies shed some of their share prices. However, the value of 162 was up with no change in the share prices of 16.
Meanwhile, the automobile and commercial banks were among the worst-performing sectors while the pharmaceutical companies too had a poor session. However, the investment banks and modaraba companies continued making progress.
With a 19.54 percent cut in its share price, the Unicap Modaraba proved to be the biggest loser on Friday. It was followed by Pakistan PVC Limited and SME Leasing Limited with a loss of 12.61 percent and 12.38 percent respectively.
However, the share price of Kohinoor Industries Limited was up by 21.41 percent, Modaraba Al-Mali by 18.33 percent, and Service Fabrics Limited by 18.25 percent, making these three the top three advancers of the day.