The 100-index of the Pakistan Stock Exchange (PSX) turned bearish on Friday, losing 1,701 points, a negative change of 1.09 percent, closing at 154,440 points.
A total of 987,589,372 shares were traded during the day as compared to 1,279,942,235 shares the previous day, whereas the total value of shares traded was recorded at Rs. 39.911 billion against Rs. 50.207 billion a day earlier.
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As many as 476 companies transacted their shares in the stock market; 180 recorded gains and 263 sustained losses, whereas the share prices of 33 remained unchanged.
Brokerage house Topline Securities said correction was observed today at the exchange due to rising cost of leverage (Margin Trading System (MTS) & Future Market), as KSE 100 Index
Top negative contribution to the index came from UBL, FFC, ENGROH, HUBC & LUCK, as they cumulatively contributed -900 points to the index.
