KARACHI: The Pakistan Stock Exchange (PSX) closed the week on a almost flat note as the benchmark KSE-100 gained only 46 points to end at 44,301 level.
The index opened higher and gained 382 points to touch a day’s high of 44,637 points before selling pressure set in, forcing it to a day’s low of 44,253 points towards the day’s close.
In all, 284 million shares worth Rs10.6 billion were traded at the exchange. Of the 361 traded scrips, 203 advanced, 131 declined and 27 remained unchanged. The chemical sector dominated trading with 61.6m shares traded, while cements followed with 50.4m shares changing hands.
The stocks started last trading day on bullish note and added 229 points to reach 44484 points level in early trading. The Pakistan Stock Exchange remained bullish till midday as the benchmark 100-index gained 267 points to take the tally to 44523 level.
On Thursday, the stock market broke the five-day losing streak and regained positive momentum, posting gain of 206.43 points or 0.47 percent as value buyers stepped in. The 100-share index closed at 44255.48 points.
Traded volumes were down 21 percent whereas traded value was down 18 percent. Top 5 index point detractors included HBL (+2.3pc), LUCK (+3.2pc), DAWH (+5pc), HUBC (+1.9 percent) and DGKC (+3.1 percent), which added 213 points to the index, while UBL (-1.5 percent), PAKT (-4.3pc), MCB (-1.1 percent), COLG (-4.3pc) and BAHL (-1.1 percent) withheld 98 points. On the sector front, power added 71 points whereas commercial bank sector withheld 98 points.
