PSX closing: KSE-100 index drops 0.41 per cent

WEB DESK: Bears maintained their control over the Pakistan Stock Exchange (PSX) on Friday, as the benchmark KSE-100 index experienced a decline of 265.57 points or 0.41 per cent, settling at 65,151.83.

Throughout the trading session, the index fluctuated within a range of 477.37 points, reaching an intraday high of 65,534.02 (+116.62) and a low of 65,056.66 (-360.74) points.

Trading activity saw a total volume of 83.028 million shares for the KSE-100 index, marking the lowest volume since September 2023.

Among the 100 index companies, 33 ended the day with gains, while 59 closed lower. Two remained unchanged, and six were not traded.

The downward trend in the KSE-100 index was primarily influenced by declines in Commercial Banks, Oil & Gas Exploration Companies, Power Generation & Distribution, Fertilizer, and Food & Personal Care Products.

Conversely, the index received support from sectors such as Miscellaneous, Paper & Board, Textile Composite, Real Estate Investment Trust, and Modarabas.

Leading the index lower were companies like OGDC, UBL, HBL, HUBC, and PTC, while NBP, PSEL, MEBL, TRG, and SYS contributed positively to its performance.

In the broader market, the All-Share index concluded at 43,240.78, registering a net loss of 259.14 points.

Total market volume stood at 208.409 million shares, down from 389.655 million in the previous session, with a traded value of Rs7.15 billion, reflecting a decrease of Rs4.16 billion.

During the trading day, there were 100,007 trades reported across 328 companies, with 117 recording gains, 184 witnessing declines, and 27 remaining unchanged.

It’s worth noting that the KSE-100 index has exhibited a robust performance, gaining 23,699 points or 57.17 per cent over the fiscal year.

Moreover, the ongoing calendar year has seen a cumulative increase of 2,701 points, equivalent to 4.32 per cent.