ISLAMABAD: The Pakistan Stock Exchange (PSX) observed a volatile session, with the benchmark KSE-100 Index losing 938.22 points amid a bearish trend on Friday.
The index closed at 112,800.93 points, down 0.82% from the previous session’s 113,739.16 points.
Selling was observed in key sectors including automobile assemblers, cement, commercial banks, OMCs, and power generation. Index-heavy stocks including PSO, SSGC, OGDC, PPL, MEBL, NBP, and UBL traded in the red.
A total of 455,394,404 shares were entertained during the day as compared to 787,438,742 shares the last working day, whereas the price of shares stood at Rs 21.524 billion against Rs 33.097 billion on the previous trading day.
As many as 451 companies transacted their shares in the stock market, 173 of them registered gains and 219 met losses, whereas the share price of 59 companies remained unchanged.
The three top trading companies were Pak International Bulk with 35,412,456 shares at Rs 8.71 per share followed by K-Electric Limited with 24,737,842 shares at Rs 4.67 per share whereas Ghani Global Glass settled with 19,830,999 shares at Rs 9.15 per share.
Nestle Pakistan Limited witnessed a maximum increase of Rs 48.71 per share closing at Rs 7,345.84 whereas Supernet Technologies Limited was the runner-up with Rs 43.75 rise in its share price to close at Rs 839.36.
Unilever Pakistan Foods Limited witnessed a maximum decline of Rs 215.00 per share price, closing at Rs 22,900.00, whereas the runner-up was Rafhan Maize Products Company Limited with a fall of Rs 147.67 in its per share price to Rs 9,394.33.
In a major development, an International Monetary Fund (IMF) mission will arrive in Islamabad next week to discuss around $1 billion in climate financing for Pakistan.
On Thursday, the buying spree continued at the PSX, with the benchmark KSE-100 Index gaining nearly 400 points to settle at 113,739.15.
Internationally, Asian shares increased on Friday, reversing Wall Street’s negative lead as the U.S. exceptionalism narrative continued to lose its shine, while once unloved Chinese stocks found themselves more buyers thanks to optimism over artificial intelligence (AI).
