The Pakistan Stock Exchange (PSX) closed the week on a negative note, with the benchmark KSE-100 Index plunging 304 points to 41,105.
A bearish trend drove the market throughout the session after the benchmark hit a day’s high at 41,420, just around 11 points up from the market’s opening. During intra-day trading, the market fell through the 41,000 level to touch a bottom of 40,904 points as the day’s low before recovering.
Volumes slipped to 133 million shares, valued at around Rs7.9 billion. Of the 336 traded symbols, 104 advanced, 206 declined and 26 remained unchanged.
The banking sector dominated the market with around 17m shares traded. Oil and gas marketing scrips and the power sector followed with 13.5m and 11.9m shares traded, respectively.
Volumes were led by:
Sui North Gas: 10.1m shares traded [+4.89pc];
K-Electric Ltd: 10.0m shares traded [-3.69pc];
Pak Elektron: 9.1m shares traded [-5.00pc];
TRG Pak Ltd: 8.3m shares traded [-0.69pc];
Power Cement: 7.1m shares traded [-4.94pc].