KSE-100 index breaks bullish rally with 574-point loss
The Pakistan Stock Exchange (PSX) broke its bullish rally on Friday, with the benchmark KSE-100 index losing 574 points to close at 41,222 points.
The index opened lower and touched a day's low of 41,157 points towards the ed of the session.
Although considerably lower than yesterday, trading remained on the higher side with 222.7 million shares worth Rs8.8 billion traded on the exchange. Of the 334 scrips traded, 81 advanced, 227 declined and 26 remained unchanged.
Commercial banks dominated trading with 33.3m shares traded, followed by the chemical sector with 28.5m shares traded.
Volumes were led by:
Bank Of Punjab: 20.9m shares traded [-4.88pc];
Lotte Chemical Pakistan Ltd: 19.0m shares traded [-0.31pc];
K-Electric Limited: 14.1m shares traded [-3.37pc];
Pakistan Intl. Bulk Terminal Ltd.(R): 9.5m shares traded [-12.68pc];
Pakistan Refinery Ltd: 8.9m shares traded [+3.16pc].