KARACHI: The stock market remained under pressure on Friday and closed with a decline of 227 points.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,137 points as against 47,363 points.
Analysts at Topline Securities said that the market largely remained under pressure during the trading session.
Major contributions to the index came from Meezan Bank Limited (MEBL), Systems Limited (SYS) and Lucky Cement (LUCK), as they cumulatively contributed to 100 points.
On the other hand Engro Corporation Limited (ENGRO), Habib Bank Limited (HBL), International Industries (INIL), Service Industries Limited (SRVI) and Oil and Gas Development Company (OGDC), as they weighed down on the index by 110 points.
Traded volume and value for the day stood at 382 million shares and Rs.13.3 billion.
World Call Telecom Limited (WTL) was today`s volume leader with around 31.6 million shares.
Indus Motors Company Limited (INDU) posted its 4QFY21 result announcement in which its posted earnings per share of Rs56.1 along with a final cash dividend of Rs.36.5/share.
Bank of Punjab (BOP) in the banking space posted 2Q2021 EPS of Rs1.4. Abbott Laboratories (Pakistan) Limited (ABOT) for its 2Q2021 posted EPS of Rs.18.79 along with an Interim cash dividend of Rs.20/share.
