The Pakistan Stock Exchange (PSX) closed the week on a negative note, with the benchmark KSE-100 index plunging 354 points to close at 41436.

Though the index offered some resistance in the first half of the trading session, it showed a steep decline in the second half of the day. The market hit a day's high of 41,836 points, up only 46 points from the market's opening. It hit a day's low of 41,391 points near the close of the session.

A total of 128 million shares worth Rs5.7 billion were traded on the exchange. Of the 342 traded scrips, 142 advanced, 181 declined and 19 remained unchanged.

The engineering, textile and oil and gas marketing sectors dominated trading with 17.1 million, 17.1m and 14.1m shares traded respectively.

Volumes were led by:

Azgard Nine: 15.8m shares traded [+4.86pc]

Dost Steels Ltd.: 11.2m shares traded [+0.38pc]

Sui South Gas: 9.7m shares traded [-4.67pc]

B.O.Punjab: 9.3m shares traded [+4.29pc]

Engro Polymer XD: 6.9m shares traded [+1.31pc]

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Taxing pensions
Updated 11 May, 2024

Taxing pensions

Tax reforms have failed to deliver because of distortions created by the FBR bureaucracy through SROs, apparently for personal gains.
Orwellian slide
11 May, 2024

Orwellian slide

IN recent years, Pakistan has made several attempts at introducing an overarching mechanism through which to check...
Terror against girls
11 May, 2024

Terror against girls

ONCE again, the ogre of terrorism is seeking the sacrifice of schoolgirls. On Wednesday, just days after the...
Enrolment drive
Updated 10 May, 2024

Enrolment drive

The authorities should implement targeted interventions to bring out-of-school children, especially girls, into the educational system.
Gwadar outrage
10 May, 2024

Gwadar outrage

JUST two days after the president, while on a visit to Balochistan, discussed the need for a political dialogue to...
Save the witness
10 May, 2024

Save the witness

THE old affliction of failed enforcement has rendered another law lifeless. Enacted over a decade ago, the Sindh...