PSX sees slower activity amid cautious trading
Business
PSX sees slower trading on Friday, with the KSE-100 index at 162,861.75, down 0.05%. Yesterday, it gained 710.66 points. Trading volume decreased to 725.86M shares, valued at Rs35.31B.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) is experiencing slower trading activity on Friday as investors seem cautious on last days of the business week.
During intraday trading, the KSE-100 index reached a high of 163,357.51 while the low for the day so far was 162,695.56.
As of now, the market index stands at 162,861.75, reflecting a decrease of 75.18 points, or 0.05% compared to previous close of 162,936.93 points.
The market is expected to fluctuate as the session progresses.
A day earlier, the benchmark KSE-100 index recorded bullish momentum, gaining 710.66 points, an increase of 0.44 per cent, to close at 162,936.94 points compared to 162,226.28 points on the previous trading day.
A total of 725.86 million shares were traded in the ready market, with a value of Rs35.31 billion, against 1,029.78 million shares worth Rs45.17 billion in the previous session. Market capitalisation increased to Rs18.585 trillion from Rs18.483 trillion.
Out of 476 active companies in the ready market, 250 closed higher, 187 declined, and 39 remained unchanged.
