KARACHI
\nThe Pakistan Stock Exchange (PSX) witnessed a volatile session on Friday, with the benchmark KSE-100 Index losing 25.47 points (-0.05 percent) to close at 48,585.71 points.
\nThe market opened on a positive note and remained in the green territory during the first half an hour trading and touched the day\u2019s high. However, due to profit-taking activity which began a session earlier, the indices pared gains. The benchmark index switched in both green and red territories during the session but finally closed in red.
\nThe benchmark index traded in a range of 412.28 points showing an intraday high of 48,840.27 points and an intraday low of 48,427.99 points. Among other indices, the KSE All Share Index gained 15.27 points (+0.05 percent) to close at 32,317.46 points, while KMI All Share Islamic Index gained 46.43 points (+0.20 percent) to close at 23,684.97 points. Despite going down in the last two sessions, the KSE-100 Index gained 1,508 points during this week.
\nTotal volumes traded for the KSE-100 Index decreased by 78.93 million shares to 210.40 million shares against 289.33 million shares traded a session earlier. The overall market volumes decreased by 194.91 million shares to 331.13 million shares against 526.04 million shares traded a session earlier.
\nAmong scrips, CNERGY topped the volumes with 66.51 million shares, followed by OGDC (28 million) and PRL (25.89 million). Stocks that contributed significantly to the volumes included CNERGY, OGDC, PRL, WTL and HASCOL, which formed over 45 percent of total volumes.
\nA total of 336 companies traded shares in the stock exchange against 367 a session earlier, out of which shares of 130 closed up, shares of 183 closed down while shares of 23 companies remained unchanged. A total of 95 companies traded shares in the KSE-100 Index against 98 a session earlier, out of which share price of 37 companies closed up, 55 closed down and three remained unchanged.
\nThe number of total trades decreased by 74,155 to 151,553 against 225,708 trades in the previous session, while the value traded decreased by Rs6.53 billion to Rs12.5 billion as compared to the previous session.
\nIn terms of rupee, UPFL remained the top gainer and witnessed an increase of Rs150 (+0.63 percent) per share, closing at Rs24,000. The runner-up remained KHYT, the share price of which climbed up by Rs60.57 (+7.27 percent) to Rs894. AABS remained the top loser in terms of rupee and witnessed a decrease of Rs37.9 (-7.43 percent) per share, closing at Rs472.1, followed by MARI, the share price of which fell by Rs19.16 (-1.15 percent) to close at Rs1,640.01 per share.
\nThe sectors taking the index towards south were fertilizer (51 points), technology & communication (36 points), commercial banks (29 points), cement (25 points), and textile composite (12 points). The major companies depriving the index of points remained ENGRO (36 points), UBL (34 points), MCB (27 points), SYS (25 points), and HUBC (17 points).
\nThe sectors taking the index towards north were oil & gas exploration companies (45 points), automobile assembler (39 points), refinery (25 points), oil & gas marketing companies (14 points), and miscellaneous (9 points). The major companies adding points to the index remained OGDC (62 points), MTL (41 points), HBL (20 points), MEBL (18 points), and KAPCO (15 points).<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI The Pakistan Stock Exchange (PSX) witnessed a volatile session on Friday, with the benchmark KSE-100 Index losing 25.47 points (-0.05 percent) to close at 48,585.71 points. The market opened on a positive note and remained in the green territory during the first half an hour trading and touched the day\u2019s high. However, due to […]<\/p>\n","protected":false},"author":2,"featured_media":255695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-347245","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n