Abb Takk News

PSX Closes the Week with Positive Note

Karachi (August 25, 2017): Pakistan Stock Exchange (PSX) ended the last trading day of the week in the green, with the benchmark KSE-100 index gaining 373 points, or 0.88 per cent, to close at 42,642 on Friday.

Bears dominated trading early in the day, with the index falling below the 42,000 mark to touch a day’s low of 41,836 points. However, the index recovered soon after to hit a high of 42,785 points in the second half of trading.

Nearly 177 million stocks worth Rs9.38 billion were traded in the market on Friday. Stocks of 359 companies were traded, of which 232 advanced, 116 declined and 11 remained unchanged.

The technology and communication sector dominated the day’s trading with 29m shares traded, with cement and commercial banks following with 19.5m and 18.2m shares traded respectively.

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