PSX Closing Bell: The Red Sequel

Pakistan’s KSE-100 fell 1,549.44 points, or 0.95%, to 162,374.87 on Friday, Mettis Global reported, as selling spread across the market. The index moved between 163,966.86 and 162,292.44, while 75 index constituents declined, 23 advanced and two were unchanged. Commercial banks recorded the largest sector drag, followed by oil and gas exploration companies.

Among the listed shares, UPFL dropped 9.37%, while TRG, PTC, LOTCHEM and NML also ended lower. PSEL gained 4.54%, and THCCL rose 3.91%; MEBL contributed the biggest negative impact on the benchmark, while FFC made the largest positive contribution. Across the wider market, 311 shares fell and 136 rose, with total turnover of 398.94 million shares. The KSE-100 was down 9.94% during the fiscal year and 6.71% so far in the calendar year.