KARACHI — The Pakistan Stock Exchange (PSX) saw volatility on Friday, with the benchmark KSE-100 Index dropping by 638.50 points, or 0.66%, to settle at 163,360.53.
The market remained largely in the negative zone due to continued profit-taking by investors, according to Topline Securities. The biggest contributors to the index’s decline were MARI, UBL, HBL, POL, and ENGROH, which together accounted for a loss of 681 points.
On Thursday, the PSX also ended in the red, with heavy profit-taking across major sectors despite record trading volume. The KSE-100 Index fell by 1,241.66 points, or 0.75%, to close at 164,444.72 points.
The volume on the all-share index decreased to 1,978 million shares, down from 3,078 million in the previous session, while the value of shares traded declined to Rs36.99 billion from Rs50.61 billion.
WorldCall Telecom led trading with 891.37 million shares, followed by K-Electric Ltd with 262.73 million shares, and B.O.Punjab with 84.16 million shares.
A total of 483 companies were traded on Friday, with 166 seeing an increase, 277 recording a decrease, and 40 remaining unchanged.
