KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) fell by 284 points on Friday owing to upcoming monetary policy and cancellation of visiting cricket team tour.
The KSE-100 Index closed at 46,636 points from last day’s closing o 46,920 points.
Analysts at Topline Securities said that the KSE-100 index traded in a positive zone during the first half of the trading session, as the index gained to make an intraday high of 261 points.
However, the pressure was observed during the second half of the trading session, as the index declined to close at 46,636 level (down by 0.6 per cent).
This pressure in the second half of trading session can be attributed to upcoming monetary policy on September 20, 2021, and news that New Zealand cricket team has abandoned their tour of Pakistan and are making arrangements to leave early citing security concern.
Traded volume and value for the day stood at 387 million shares and Rs.16.2 billion respectively. WTL was today`s volume leader with 42 million shares.
