PSX closes week in the red as benchmark index loses 261 points
The Pakistan Stock Exchange (PSX) closed the week in the red with the benchmark KSE-100 Index losing 261 points to close at 43,595 points.
The index opened higher and continued to trade in the green zone for most of the first half. However, from a high of 44,028 points in the opening session, the index staggered to a low of 43,551 in the second half.
In all, 164.7 million shares worth Rs6.12 billion were traded at the exchange. Stocks of 359 companies were traded, of which 92 grew in value, 242 declined and 25 remained unchanged.
The cement sector dominated trading with 37.8m shares traded, while others lagged far behind.
Volumes were led by
Dewan Cement Limited: 13.6m shares traded [+0.87pc];
First Dawood Investment Bank Ltd: 12.8m shares traded [-19.76pc];
Sui Southern Gas Co Ltd: 11.8m shares traded [+4.17pc];
Unity Foods Limited: 11.7m shares traded [+3.39pc];
Fauji Cement Co Ltd: 11.5m shares traded [-1.10pc].