Summary: The Pakistan Stock Exchange witnessed a negative trend on the last day of the trading week. The benchmark KSE-100 index closed down 1,493 points at 173,886 points, while the KMI-30 index, which comprises selected companies according to Sharia principles, also recorded a significant decline. About 1.48 billion shares were traded during the trading activities.
Karachi: The Pakistan Stock Exchange (PSX) witnessed a bearish trend on the last day of the trading week on Friday, where the benchmark KSE-100 index fell 1,493.18 points due to selling pressure.
At the end of the trading, the KSE-100 index closed at 173,886.68 points, which was 175,379.86 points at the end of the previous trading session. Thus, the index recorded a decrease of 0.85 percent.
On the other hand, the KMI-30 index, which is comprised of selected companies according to Sharia principles, was also in the grip of a bearish trend. The index fell by 2,588.32 points, or 1.03 percent, to close at 248,644.12 points.
A total of about 1.48 billion shares were traded in the stock market, worth Rs22.57 billion. Market capitalization decreased by Rs 203 billion to Rs18,909 billion.
According to Pakistan Stock Exchange data, out of 567 companies participating in the trade, 190 increased their share prices, 277 companies decreased their share prices, while 100 companies remained unchanged.
The decline in both the main market indices and negative market breadth reflect that selling pressure prevailed during the trading session. However, it will play an important role in clarifying investor sentiment and market direction in the coming sessions.
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