Shares promoting gripped the Pakistan Inventory Change (PSX) on Friday, dragging the benchmark KSE-100 Index down by greater than 1,500 factors until Friday prayers break.
The KSE-100 Index stood at 178,979.43 factors, reflecting a drop of 1533.21 factors, or minus 0.86%.
Out of 565 lively corporations within the prepared market, 203 superior, 244 declined, and 118 remained unchanged.
Main sectors got here underneath strain, together with cement, industrial banking, fertiliser, oil and fuel exploration, oil advertising and marketing corporations (OMCs), and energy technology.
Distinguished index-weighted shares resembling OGDC, MARI, POL, PPL, HUBCO, ARL, MCB, MEBL, and UBL have been all buying and selling in adverse territory.
In accordance with sources, the federal government is weighing the choice of imposing a Cess on fertiliser producers to get well windfall positive aspects, with the proceeds anticipated to be earmarked for farmers’ help.
Earlier on Thursday, the benchmark KSE-100 Index of the Pakistan Inventory Change (PSX) witnessed a bearish development, dropping 2,537.16 factors, a adverse change of 1.39 p.c, to shut at 180,512.65 factors.
In the course of the session, the prepared market recorded a buying and selling quantity of 873.996 million shares with a traded worth of Rs 41.766 billion, in opposition to 734.671 million shares valuing Rs 35.393 billion within the earlier session.
Ok-Electrical Restricted topped the amount chart with 176.912 million shares, adopted by Cnergyico PK with 52.213 million shares and Amtex Restricted with 39.738 million shares.
The highest gainers included Unilever Pakistan Meals Restricted, which rose by Rs 333.64 to shut at Rs 26,900.00, and Rafhan Maize Merchandise Firm Restricted, which gained Rs 197.76 to settle at Rs 9,772.78.
On the dropping facet, PIA Holding Firm Restricted declined by Rs 365.71 to shut at Rs 17,860.29, whereas Nestle Pakistan Restricted fell by Rs 84.59 to shut at Rs 8,012.50.
Within the futures market, turnover stood at 198.316 million shares with a traded worth of Rs 10.287 billion, in comparison with 149.370 million shares value Rs 8.556 billion within the earlier session.
