PSX KSE-100 Index drops 1200 points

Pakistan Stock Exchange (PSX) witnessed a slow trading session on Friday as the benchmark KSE-100 Index dropped 1200 points and stood at 151,704, reported 24NewsHD TV Channel. 

Earlier, The index touched a high of 153,660.88 and a low of 151,457.94 during the session, with traded volume reaching over 111 million shares and a total value exceeding Rs10.8 billion. The index closed at a high of 153,660 and a low of 151,457 during the trading session. 

PSX 100 Index closed at 152,907 yesterday. Market status is temporarily suspended on account of Jumma prayers, though overall trading activity remained robust with the exchange officially open. The positive movement comes after a highly volatile week, including a sharp decline of over 5,400 points (3.41%) on March 26 to close at 152,907.96, which followed a strong rebound of nearly 4,347 points (2.82%) on March 25.