KARACHI: Pakistan stocks ended down 137 points on Friday in a mixed trading session during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,949 points from previous day’s closing of 42,086 points, showing a decline of 137 points.
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Analysts at Arif Habib Limited said that the benchmark KSE-100 index opened in a positive note but could not sustain due to lack of participation and led the index to trade in the red zone during the first trading session.
However in the second session market traded in narrow range, main board volumes stayed dull whereas healthy volumes were observed in the 3rd tier stocks.
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Sectors contributing to the performance include Technology (-70.5 points), Tobacco (-19.1 points), Refinery (-9.0 points), Commercial Banks (-6.8 points) and Investment Banks (-6.5 points).
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Volumes increased from 222.2 million shares to 328.7 million shares (47.9 per cent DoD). The average traded value decreased by -0.6 per cent to USD 44.0 million as against USD 44.3 million.
Stocks that contributed significantly to the volumes are WTL, TRG, GTECH, GGL and GTECHHBR.
