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PSX closes week on flat note

June 29, 2018

Email

The Pakistan Stock Exchange (PSX) landed flat on Friday, ending a short bullish streak, with the benchmark KSE-100 index losing 87 points to close at 41,911 points.

The index opened higher but could not sustain momentum, losing points after peaking at 42,082 to touch the day's low of 41,750 in the second half of trading.

In all, 166 million shares worth Rs6.1 billion were traded at the exchange. Of the 335 traded scrips, 166 advanced, 157 declined and 12 remained unchanged.

The commercial banking sector dominated the session with 33m shares trading.

Volumes were led by:

  1. K-Electric Limited: 12.1m shares traded [+4.22pc];

  2. Silk Bank Limited: 9.6m shares traded [+17.24pc];

  3. Pakistan Intl. Bulk Terminal Ltd: 9.4m shares traded [+2.25pc];

  4. Pakistan Elektron Ltd: 8.8m shares traded [+1.05pc];

  5. Bank Of Punjab: 8.3m shares traded [-1.47pc].