PSX ends week on negative note

PSX ends week on negative note

Karachi (Staff Report): The Pakistan Stock Exchange (PSX) on the last day of the week showed bearish trend as the benchmark KSE-100 index lost 87 points to close at 41,911 points.

In all, 166 million shares worth Rs6.1 billion were traded at the exchange. Of the 335 traded scrips, 166 advanced, 157 declined and 12 remained unchanged.

The commercial banking sector dominated the session with 33m shares trading.

Volumes were led by:

Silk Bank Limited: 9.6m shares traded [+17.24pc];

Pakistan Elektron Ltd: 8.8m shares traded [+1.05pc];

Pakistan Intl. Bulk Terminal Ltd: 9.4m shares traded [+2.25pc];

K-Electric Limited: 12.1m shares traded [+4.22pc];

Bank Of Punjab: 8.3m shares traded [-1.47pc].