Pakistan’s PSX ends volatile session on downward note

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ISLAMABAD, Sept. 25 (Xinhua) — A volatile trading session at the Pakistan Stock Exchange (PSX) on Friday closed in the red as investors continued booking profits at higher levels, while a bear-run in global markets in the wake of worsening COVID-19 situation across the world took a toll on the country bourse and triggered sell-off.

The Pakistan Stock Exchange’s benchmark KSE 100-Index slumped by 0.25 percent, or 105.14 points, to close at 41,701.23 points on Friday when compared with 41,806.37 points recorded on Thursday.

During Friday’s trading session, the main index traveled in a medium range of 498.79 points as it touched an intraday peak of 42,100.73 points as against an intraday trough of 41,601.94 points.

The trading board presented a mixed look on Friday as the KSE All-Share Index improved slightly by 0.13 percent, or 38.77 points, to close at 29,636.11 points, the KSE 30-Index trimmed down by 0.30 percent, or 52.86 points, to end at 17,605.68 points, the KMI 30-Index deflated by 0.56 percent, or 373.21 points, to conclude at 66,558.61 points, whereas the Islamic All-Share Index increased by 0.21 percent, or 44.43 points, to finish the trading week at 20,790.12 points.

Market volumes improved by 0.03 percent, or 0.132 million shares, to 435.017 million shares on Friday when compared with the trading of 434.885 million shares posted on Thursday.

Market value slightly gain 2.08 percent, or 0.314 billion rupees, to close at 15.423 billion rupees on Friday as against Thursday’s closing figure of 15.109 billion rupees.

Among 361 active scrips on Friday, the prices of 196 issues closed in the negative range, 146 managed to stay in the green trajectory, whereas values of 19 other listed companies remained stable ahead of the weekend.

Hascol Petroleum Limited, Unity Foods Limited, and Byco Petroleum Pakistan Limited were the top traded companies with turnovers of 57.515 million shares, 47.496 million shares, and 28.432 million shares, respectively.

Unilever Pakistan Foods Limited emerged as the top performer of the day with an increment of 1,040.00 rupees per share to close at 15,000.00 rupees while on the other hand, Murree Brewery Company Limited led the worst performers with a decrement of 48.75 rupees per share to finish the final trading session at 601.25 rupees. (1 U.S. dollar = 165.85 rupees) Enditem reviewed by Liu Tian

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