The Pakistan Stock Exchange (PSX) closed the week on a negative note, with the benchmark KSE-100 Index plunging 304 points to 41,105.

A bearish trend drove the market throughout the session after the benchmark hit a day's high at 41,420, just around 11 points up from the market's opening. During intra-day trading, the market fell through the 41,000 level to touch a bottom of 40,904 points as the day's low before recovering.

Volumes slipped to 133 million shares, valued at around Rs7.9 billion. Of the 336 traded symbols, 104 advanced, 206 declined and 26 remained unchanged.

The banking sector dominated the market with around 17m shares traded. Oil and gas marketing scrips and the power sector followed with 13.5m and 11.9m shares traded, respectively.

Volumes were led by:

Sui North Gas: 10.1m shares traded [+4.89pc];

K-Electric Ltd: 10.0m shares traded [-3.69pc];

Pak Elektron: 9.1m shares traded [-5.00pc];

TRG Pak Ltd: 8.3m shares traded [-0.69pc];

Power Cement: 7.1m shares traded [-4.94pc].

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...