Pakistan Stock Exchange runs out of steam on Friday
The KSE-100 Index was down by 25.72 points and closed at 41,056.22 on Friday after the Pakistan Stock Exchange ran out of steam on the last working day of the week after making substantial gains during the previous sessions.
A total of 109,415,719 shares were traded during the session which saw the share prices of 169 companies going down and 141 making some gains. However, there was no change in the value of 11 entities.
Despite Friday’s flat showing, the market had an impressive week where the KSE-100 Index as a whole gained 1,434.63 points against a loss of 669.15 points in the previous week ending August 21.
The current week also saw the index crossing the 40,000 points psychological barrier yet again.
Earlier on August 15, the index had reached the level of 40,559.15 but the losses suffered since then meant that it fell below the 40,000 mark after that.
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 1,674.76 points this month so far with only one session to go on Monday.