KARACHI: The Pakistan Stock Exchange (PSX) remained bearish till midday and dropped 362 points to drop to 41047.39 points level on Friday.
Earlier, the PSX started the last trading day of the week on bearish note and shed 232 points to reach 41178 points level in early trading.
Yesterday, the stocks witnessed another range-bound session due to futures rollover. The benchmark KSE-100 index made an intra-day high of 150 points and a low of 240 points and finally closed at 41,409 points by losing 186 points.
Top 5 index point contributors were FFC (up 2.1%), HUBC (0.9%), SEARL (3%), PAKT & PKGS (up 3%), adding 76 points, while top 5 index laggards were SNGP (down 4.6%), OGDC (0.9%), PAEL (5%), PIBTL (4.5%) & ISL (3.7%) withholding 100 points from the index.
Average market volumes were up 36.2% DoD to 139.8m shares, while the traded value was up 26.5% at Rs7b/$65.5m. Volume leaders for the day remained ANL, PAEL, ASL, BOP and TRG, which cumulatively contributed to 33.6% of total volumes.
