Karachi: The Pakistan Stock Exchange remained under the shadow of bearish trends on Friday, primarily due to stringent conditions associated with the IMF loan program, rollover week, and profit-taking activities. This led to a decline in the prices of 53.30% of shares, resulting in investors losing approximately PKR 59.80 billion.
The market faced pressure from offloading shares in various sectors, including banking, oil and gas, and automotive, causing a dip of up to 475 points at one stage. However, buying activities picked up towards the end of the trading session at lower prices, somewhat easing the intensity of the downturn.
At the close of business, the KSE-100 index dropped by 365.83 points, settling at 81,292.13 points. The KSE-30 index decreased by 64.75 points to reach 25,810.37 points, while the KSE All-Share index fell by 291.79 points to close at 51,978.02 points. The KMI-30 index also saw a decline of 598.57 points, ending at 125,294.74 points.
Trading volume was down 20% compared to Thursday, with a total of 339,323,128 shares changing hands. The scope of trading was limited to the shares of 439 companies, with 129 seeing price increases, 234 experiencing price drops, and 76 remaining stable.
