Another grim day for Pakistan Stock Exchange, sheds 246 points
The Pakistan Stock Market on Friday managed to recover some of the early losses on Friday but the KSE-100 Index was still down by 246.96 points and closed at 39,621.59.
At one point, the index was recorded at 39,240.07 after shedding over 600 points. However, a late semi-recovery meant that the losses were reduced to some extent.
With a total of 207,398,946 shares traded, the share prices of 206 companies were down and of 125 down with no change witnessed in the remaining 18. These statistics came as the shares of 349 companies were traded.
The market suffered these latest losses after shedding 285.56 points during the previous session on Thursday.
Since recording the biggest sustained profitable streak of the year in July when the KSE-100 gained 4,836.92 points and closed at 39,258.44, it has moved up only 240.13 points this month so far.
But the current business week ending Friday saw the KSE-100 Index shedding 669.15 points, thus erasing a huge chunk of the gains earlier made this month.