KSE-100 index ends futures rollover week in red

KARACHI: In line with its performance during the week, the Pakistan Stock Exchange (PSX) on Friday lost over 200 points.

The benchmark KSE-100 index closed in the red with a decrease of 223.36 points or 0.49%, to settle at 45,073.52 points.

A report from Topline Securities noted that the increase in the policy rate by 25 basis points to 7.25% by the State Bank of Pakistan (SBP) earlier this week kept the investor sentiment bearish.

Benchmark KSE-100 index intra-day curve
Benchmark KSE-100 index intra-day curve

The benchmark KSE-100 index kicked off trading on a positive note, however, bears soon took charge of the bourse due to the absence of positive triggers that could provide direction to the market. The index then stayed in the negative territory for the rest of the session.

Volumes declined from 443.8 million shares to 369.5 million shares (-16.72% day-on-day). The average traded value clocked in at Rs11.78 billion.

WorldCall Telecom was the volume leader with 39.7 million shares, losing Rs0.08 to close at Rs2.87. It was followed by Unity Foods with 36.2 million shares, losing Rs1.05 to close at Rs31.91, and Byco petroleum with 29.6 million shares, losing Rs0.26 to close at Rs7.56.

During the session, shares of 510 listed companies were traded. At the end of the session, 146 stocks closed in the green, 351 in the red, and 13 remained unchanged.