The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) reversed its positive momentum on Friday, losing 1,493.18 points. This represents a negative change of 0.85 percent, bringing the index to a close of 173,886.69 points from the 175,379.87 points recorded in the previous trading session, according to APP.
While the ready market saw a trading volume of 1,479.999 million shares, which was higher than the 999.812 million shares traded previously, the total traded value dropped to Rs22.572 billion from Rs46.062 billion a day earlier. Total market capitalisation also decreased, falling to Rs18.909 trillion from Rs19.113 trillion in the previous session.
The market showed a bearish trend as 277 out of 500 companies that traded in the ready market suffered losses, while 190 posted gains and 33 remained unchanged. Bawany Air(R) was the leader in volume with 687.381 million shares, followed by Tasdeeq Information with 140.783 million shares and WorldCall Telecom with 72.154 million shares.
Specific company movements included Unilever Pakistan Foods Limited, which surged by Rs291.00 to close at Rs25,994.00, and Pakistan Services Limited, which advanced by Rs113.46 to settle at Rs1,248.07. Conversely, Rafhan Maize Products Company Limited declined by Rs101.26 to close at Rs8,399.99, and Sapphire Textile Mills Limited fell by Rs48.66 to Rs1,559.34.
In the futures (DFC) market, turnover was 135.948 million shares with a traded value of Rs5.877 billion, down from 242.975 million shares worth Rs12.638 billion in the previous session. Of the 306 companies traded in the DFC market, 66 advanced, 235 declined, and 5 remained unchanged.
