Profit-booking drags PSX down 1,133 points
Photo: File
The Pakistan Stock Exchange (PSX) ended the week on a bearish note as investors opted to book profits ahead of the weekend, dragging the benchmark KSE-100 Index into negative territory for most of the session.
"KSE-100 Index largely traded in the negative zone during the trading session to close at 184,410 level (down by -0.61%), as investors preferred to book profits before the weekend," Topline market review noted.
Top negative contributions to the index came from HUBC, LUCK, ENGROH, NBP, EFERT and OGDC, as they cumulatively contributed -596 points to the index.
Traded value-wise, FFC (PKR.2.14bn), PPL (PKR.1.88bn), PAEL (PKR.1.83bn), FFL (PKR.1.68bn), NBP (PKR.1.67bn) and SYS (PKR.1.64bn) dominated the trading activity.
Traded volume and value for the day stood at 1.02bn shares and PKR.52.76bn, respectively.