The Pakistan Stock Exchange (PSX) witnessed dampened investor mood during the second half of trading on Friday, as the benchmark KSE-100 index shed roughly 900 points due to sudden political uncertainty.
At clsoe, the KSE-100 index pared most of its losses and closed at 64,514.90 showing a decrease of 124.26 points or 0.19%.
The market index exhibited a broad trading range, fluctuating by 1,319.52 points throughout the day. It reached an intraday high of 65,077.48 (+438.32) and a low of 63,757.96 (-881.20) points. The KSE-100 index recorded a total trading volume of 718.032 million shares.
Advancers and decliners were evenly balanced, with 41 companies ending the day on a positive note and 53 closing in the negative. Additionally, 2 companies remained unchanged, while 4 were not traded. Fertilizer (-83.16), Miscellaneous (-29.2), Cement (-28.26), Oil & Gas Exploration Companies (-24.92), and Commercial Banks (-20.68) contributed to the decline of the KSE-100 index.
Conversely, Pharmaceuticals (24.81), Leather & Tanneries (20.97), Power Generation & Distribution (20.65), Textile Composite (16.8), and Oil & Gas Marketing Companies (11.41) supported the index. Companies such as FFC (-38.3), ENGRO (-34.02), PSEL (-32.58), BAHL (-19.33), and PAKT (-18.35) were the major contributors to the index’s downward movement. On the positive side, KEL (39.46), SRVI (20.97), SEARL (19.78), HBL (16.23), and SHEL (15.52) added points to the index.
In the broader market, the All-Share index concluded at 43,366.60, registering a net gain of 57.75 points. The total market volume amounted to 949.559 million shares, surpassing the 548.990 million shares from the previous session. The traded value amounted to Rs19.36 billion, reflecting an increase of Rs3.96 billion. There were 229,927 trades involving 361 companies, with 160 closing up, 187 closing down, and 14 remaining unchanged.
