PSX Closing Bell: A Shade Lower

Mettis Global reported that the KSE-100 slipped to 167,089.27 on Friday, a retreat of 352.63 points or 0.21 per cent. Intra-day, the index covered a span of 1,296.40 points, peaking at 168,134.12 before sliding to a low of 166,837.72. Of the 100 index companies, 50 finished higher, 48 ended lower and 2 were unchanged, on total volume of 109.91 million shares.

Commercial Banks was the largest drag, shaving 277.13 points off the index, with HBL, UBL and MCB among the biggest contributors to that fall. Cement, Technology & Communication, Fertilizer and Oil & Gas Exploration also pulled the index lower, while Real Estate Investment Trust and investment companies offered support. PGLC led the decliners with a 9.97 per cent drop, while TPLRF1 posted the strongest gain at 7.65 per cent.

According to Mettis Global, the All-Share Index ended at 101,117.39, a fall of 155.10 points or 0.15 per cent. Traded value came to Rs15.44 billion, Rs2.28bn less than the previous session, while total volume fell to 309.41 million shares from 365.87m. Over the fiscal year the KSE-100 has shed 13,212 points or 7.33 per cent, and it is down 4.00 per cent in calendar-year terms.