ISLAMABAD: The Pakistan Stock Exchange (PSX) experienced a volatile session on Friday, with the benchmark KSE-100 Index shedding 1,095.25 points due to profit-taking.
The index settled at 115,093.96, marking a decline of 0.94 percent, as selling pressure was observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs, power generation, and refineries. Index-heavy stocks including MARI, OGDC, PPL, POL, PSO, SNGPL, HUBCO, MEBL, NBP, and MCB traded in the red.
Pakistan’s Foreign Office Spokesperson Shafqat Ali Khan on Thursday warned that the imposition of tariffs by the United States can have far-reaching effects, particularly on developing countries.
During his weekly press briefing, he called for a swift and mutually beneficial resolution of this issue.
On Friday, a total of 444,915,508 shares were traded as compared to 638,089,718 shares on the previous trading day, whereas the price of shares stood at Rs 30.394 billion against Rs 36.924 billion on the last trading day.
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As many as 440 companies transacted their shares in the stock market, 182 of them recorded gains and 237 sustained losses, whereas the share price of 21 companies remained unchanged.
The Pakistan Stock Exchange (PSX) closed higher on Thursday, supported by positive momentum in regional markets following US President Donald Trump’s announcement of a 90-day suspension on tariffs.
Globally, however, markets took a hit on Friday. Stocks fell and the US dollar weakened further, while a sharp selloff in bonds marked a turbulent end to the week. The escalating cycle of retaliatory tariffs has heightened fears of a global recession and rattled investor confidence in US assets.
