ISLAMABAD: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed at 112,085.29, marking a decline of 478.78 points or a negative change of 0.43 percent from the previous session’s close of 112,564.08.
The KSE-100 started the session positive, hitting an intra-day high of 113,482.13, a gain of more than 900 points.
However, the bears were able to trigger selling in the second half, wiping out all the intra-day gains and driving the index down to an intra-day low of 111,861.56.
A total of 457,049,928 shares were entertained during the day as compared to 596,739,574 shares the previous trading day, whereas the price of shares stood at Rs 23.215 billion against Rs 30.96 billion on the last trading day.
As many as 432 companies transacted their shares in the stock market, 135 of them registered gains, and 237 met losses, whereas the share price of 60 companies remained unchanged.
The three top trading companies were B.O. Punjab with 70.05 million shares at Rs 11.10 per share followed by Sui South Gas with 32.78 million shares at Rs32.70 per share whereas Sui South Gas settled with 32.78 million shares at Rs32.70 per share.
Lucky Cement Limited witnessed a maximum increase of Rs 124.22 per share closing at Rs 1,366.37 whereas Lucky Core Industries Limited was the runner-up with Rs 67.14 rise in its share price to close at Rs 1,183.25.
Unilever Pakistan Foods Limited witnessed a maximum decline of Rs144.18 per share price, closing at Rs 23,338.36, whereas the runner-up was Mehmood Textile Mills Limited with a fall of Rs 47.15 in its per share price to Rs 562.66.
On Thursday, the PSX witnessed range-bound trading for the second consecutive session. The KSE-100 closed the day lower by 361 points at 112,564.08.
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In a key development, Green (Private) Limited (HGL), a wholly owned subsidiary of Hub Power Holdings Limited (HPHL), Pakistan’s largest Independent Power Producer (IPP), said it was entering into a collaboration agreement with Pakistan State Oil Company Limited (PSO) for the installation of electric vehicle (EV) charging infrastructure at PSO locations across Pakistan.
Internationally, Asian markets mostly rose Friday in line with a rally on Wall Street as traders were buoyed by news that Donald Trump’s latest, sweeping reciprocal tariffs would not likely be implemented until April, giving time for negotiations.
US President Donald Trump also announced that he would soon impose reciprocal tariffs on all countries that levy duties on US imports, fuelling concerns about a broader global trade war that could further drive up US inflation.
