KSE-100 ends four-day rally, loses over 784 points
The Pakistan Stock Exchange's benchmark KSE-100 Index broke a four-day winning run on Friday, falling 784.19 points, a negative change of 0.47 percent, to close at 166,409.25 against 167,193.44 in the previous trading session.
The breadth of the retreat was the story: of 501 companies traded in the ready market, 300 suffered losses and 173 posted gains, with 28 unchanged. Trading volume edged up to 825.467 million shares from 816.834 million, but traded value dropped to Rs23.123 billion from Rs31.542 billion a day earlier, and total market capitalisation slipped to Rs18.389 trillion from Rs18.493 trillion.
Pervez Ahmed Co topped the volume chart with 165.865 million shares, ahead of Cnergyico PK on 111.992 million and F. Nat. Equities on 40.465 million. Among the gainers, Unilever Pakistan Foods Limited surged by Rs428.80 to close at Rs26,280.00 and Rafhan Maize Products Company Limited advanced by Rs104.14 to settle at Rs8,587.46. Pakistan Engineering Company Limited declined by Rs35.70 to close at Rs880.29 and Sazgar Engineering Works Limited fell by Rs33.11 to Rs1,400.25.
The futures (DFC) market told a similar story, with turnover of 738.201 million shares worth Rs28.522 billion against 520.614 million shares worth Rs23.051 billion previously. Of 313 companies traded there, 238 declined, 70 advanced and five remained unchanged.
