KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile session on Friday as the KSE-100 Index down 0.64 percent owing to further depreciation in the rupee.
At the end of the session, the KSE-100 Index was down 262.35 points or 0.64% to close at 40,471.16.
Negative investor mood and activity on the equities market were driven by weakening macroeconomic indications.
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Although the day started off positively, the market only traded in a small range in the first session. The market fell at the start of the second session but recovered some of those losses before finishing down.
Automobile, cement, banking, oil, and fertilizer sectors all finished in the red.
Sectors painting the benchmark KSE-100 index in red included miscellaneous (77.70 points), fertilizer (51.67 points) and banking (43.67 points).
Volume on the all-share index fell to 105.1 million from 124.1 million on Thursday. The value of shares dropped to Rs4.2 billion from Rs6.1 billion recorded in the previous session.
Hub Power was the volume leader with 7.9 million shares, followed by Cnergyico with 7.5 million shares and Dewan Motors with 5.7 million shares.
Shares of 320 companies were traded on Friday, of which 116 registered an increase, 182 recorded a fall and 22 remained unchanged.
