ISLAMABAD: After having a brilliant momentum for the last 4 days, the Pakistan Stock Exchange (PSX) took an upward pause as KSE-100 Index lost 198.98 points to close at 45,068 with a negative impact as compared to 45,265 last day.
During the session, both the volume and value of shares traded went down from the previous session.
However, experts thought that as the market went too high during the week, it was predictable to come down towards normalcy and take its correction. The ongoing week observed the highest-ever benchmark of over 45000 during the last couple of years.
Bullish Trend at PSX
On Friday, 323 companies traded their shares, 98 registered an increase, 196 sustained depreciation, and the share price of 29 companies remained unchanged.
During the trade, the share price of the top-tier companies and sectors, including oil and gas exploration (69.13 points), technology and communication (41 points), and cement (37.23 points), etc, went down and remained in the red zone.
In total, volume on the all-share index went declined to 267.5 million from 489.2 million, while the value of shares traded decreased to Rs6.8 billion from Rs14.5 billion recorded in the previous session.
Telecard Limited was the volume leader among the top three trading companies with 31.1 million shares, followed by WorldCall Telecom with 20 million shares and K-Electric Limited with 19.4 million shares.
