KARACHI: The share market fell by 127 points on Friday in volatile trading sessions during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,301 points from previous day’s closing of 44,428 points, showing a decline of 127 points.
Analysts at Topline Securities said that volatility was observed during trading session as the index traded went up by 181 points and down by 230 points to close at 44,301 level.
Lack of investor interest was witnessed in the market as volume and traded value decline by 40 percent and 45 percent on DoD basis to 266 million shares and Rs.14.35billion, respectively.
Major contribution to the index came from COLG, LUCK, FCCL. ENGRO and HBL, as they cumulatively contributed 73 points to the index, whereas TRG, POL, DAWH, PAKT and SYS lost value to weigh down on the index by -115 points. TRG was today`s volume leader with 23 million shares.
