KSE-100 sheds over 1,200 points

KARACHI: A volatile session was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 1,200 points on Friday.

At close, the bechmark index settled at 151,707.52, down by 1,200.45 points or 0.79%.

Earlier, selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks, including CNERGY, MARI, OGDC, PPL, POL, and NBP, traded in the red.

Top negative contribution to the index came from OGDC, PPL, NBP, UBL and MARI, as they cumulatively contributed 614 points to the index, Topline Securities reported. Staff Report