PSX concludes week with negative sentiments

PSX concludes week with negative sentiments

KARACHI: The Pakistan Stock Exchange (PSX) ended with negative sentiments on the closing day of the week, as the benchmark KSE-100 Index shed by 584 points in today’s session.

KSE-100 index slipped 1.23 per cent to touch 46,858 points by the end of today’s session, which is the lowest point since December 2016.

Market touched the day’s high at 47,527 points within the first 10 minutes of the session opening, but fell rapidly in moments. It touched the day’s low at 46,734 points a little before the closing bell.

Trading activity was led by the banking sector, with 34.9 million shares changing hands during the session. The communication and and power sectors followed with volumes of 21.3 million and 12.2 million shares respectively.

A total of 58.2 million shares of KSE-100 companies changed hands during the session, with a total worth of nearly Rs6.4 billion.

Stocks of 320 companies in all were traded on the exchange, of which 103 gained in value, whereas 195 declined and 22 remained unchanged.

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