KSE-100 gives up 145-point opening gain to close week 784 points lower

Pakistan's benchmark stock index opened Friday higher and closed 784 points lower, a swing of more than 900 points inside a single session that left the KSE-100 at 166,409.

The index climbed 145 points at the open, pushing past the 167,300 mark in early trading. Selling pressure then took hold and the market gave back those gains, finishing the week's fifth and final session in negative territory, according to Token Times.

Turnover for the day came to about Rs13.09 billion, with 235.53 million shares traded on the Pakistan Stock Exchange.

The close sits below the 167,193 points the index recorded at the end of the previous business week, leaving the market short of where it stood seven days earlier. Investors now look to the next session to see whether the selling that built through Friday carries over.