PSX remains bearish as KSE-100 loses 352.63 points
The benchmark KSE-100 Index of the Pakistan Stock Exchange closed lower on Friday, shedding 352.63 points, or 0.21 percent, to end at 167,089.28, against 167,441.91 in the previous trading session.
Activity weakened across the ready market. Trading volume came in at 309.412 million shares, down from 365.870 million shares a day earlier, while traded value fell to Rs15.438 billion from Rs17.722 billion. Market capitalisation slipped to Rs18.569 trillion from Rs18.598 trillion recorded in the previous session.
Breadth was mixed. Of the 497 companies that traded in the ready market, 243 posted gains, 203 suffered losses and 51 remained unchanged. Cnergyico PK led the volume chart with 27.277 million shares, followed by Pakistan Refinery Limited with 24.123 million shares and Treet Corporation Limited with 22.904 million shares. Among the gainers, Khairpur Sugar Mills Limited rose Rs67.77 to close at Rs745.47 and Sapphire Fibres Limited advanced Rs39.44 to settle at Rs1,033.77. On the losing side, PIA Holding Company Limited declined Rs683.50 to close at Rs14,494.00 and Unilever Pakistan Foods Limited fell Rs344.99 to Rs25,055.01.
In the futures (DFC) market, turnover stood at 78.244 million shares with a traded value of Rs5.277 billion, compared with 97.930 million shares worth Rs6.480 billion in the previous session. Of the 293 companies traded there, 128 advanced, 157 declined and eight remained unchanged.
