ISLAMABAD: The Pakistan Stock Exchange (PSX) observed a volatile session on Friday, as the benchmark KSE-100 Index swayed in both directions before closing flat.
At close, the benchmark index settled at 110,322.94, marginally up 21.78 points or 0.02%.
“Many stocks have reached attractive levels and we may see the downtrend reversing soon,” said Intermarket Securities in a note, earlier on Friday.
Overall a total of 299,678,289 shares were entertained during the day as compared to 598,930,638 shares the last working day, whereas the price of shares stood at Rs 15.624 billion against Rs 25.629 billion on the previous trading day.
As many as 446 companies transacted their shares in the stock market, 144 of them registered gains, and 228 met losses, whereas the share price of 74 companies remained unchanged.
The three top trading companies were WorldCall Telecom with 30,244,910 shares at Rs 1.53 per share followed by Silk Bank Limited with 22,233,978 shares at Rs 1.07 per share whereas K-Electric Limited settled with 18,737,304 shares at Rs 4.29 per share.
Rafhan Maize Products Company Limited witnessed a maximum increase of Rs 148.17 per share closing at Rs 9,500 whereas Unilever Pakistan Foods Limited was the runner-up with Rs 129.29 rise in its share price to close at Rs 22,444.79.
Services Industries Limited witnessed a maximum decline of Rs.27.71 per share price, closing at Rs 1,352.31, whereas the runner-up was Haleon Pakistan Limited with a fall of Rs 27.15 in its per share price to Rs 820.63.
Selling continued at the PSX on Thursday, with the benchmark KSE-100 Index closing the day lower by over 1,600 points to settle at 110,301.16.
Internationally, Asian stocks inched up on Friday ahead of key US payrolls data as investors considered prospects that a broader trade war could be averted, while the yen hit its highest in nearly two months on rising odds of more rate hikes in Japan this year.
In a week that began with US President Donald Trump initiating a trade war by first imposing tariffs on Mexico and Canada and then suspending them, investors have remained cautious, avoiding major moves as the threatened duties on China were carried out.
