ISLAMABAD, Oct. 21 (Xinhua) -- The Pakistan Stock Exchange (PSX) skidded lower from historic all-time peak on Friday as investors resorted to selling during final hours amid rise in political temperature in the country.
The Pakistan Stock Exchange's benchmark KSE 100-Index slumped by 0.61 percent or 254.52 points to 41,291.43 points on Friday when compared with 41,545.95 points recorded on Thursday. During the week that ended on October 21, the main index gave away 172.88 points with four out of five trading sessions finishing in the red zone.
The KSE All-Share Index fell by 0.5 percent or 143.56 points to 28,519.79 points, the KSE 30-Index declined by 0.65 percent or 147.69 points to 22,489.47 points, the KMI 30-Index slipped by 0.87 percent or 605.36 points to 68,974.21 points, whereas the Islamic All-Share Index dropped 0.33 percent or 64.83 points to 19,614.93 points.
During Friday's trading session, the main index moved in a narrow range of 343.93 points as it touched an intraday high of 41,603.06 points as against an intraday low of 41,259.13 points.
Market volumes shrank by 5.76 percent or 32.391 million shares to 529.533 million shares on Friday as against trading of 561.925 million shares posted on Thursday. During the week under review, the top Pakistani bourse reported total volumes of 2.359 billion shares at average daily turnover of 471.878 million shares.
Market capitalization reduced by 0.52 percent or 44.224 billion rupees (433.578 million U.S. dollars) to 8.429 trillion rupees (82.642 billion U.S. dollars) whereas trade value went down by 12.26 percent or 2.289 billion rupees (22.45 million U.S. dollars) to 16.38 billion rupees (160.592 million U.S. dollars).
Among 438 active scrips on Friday, prices of 258 issues depleted, 169 advanced, whereas values of 11 other companies stayed unchanged.
TRG Pakistan Limited, Bank of Punjab, and Dost Steel (R) were the top traded companies with turnovers of 58.302 million shares, 54.454 million shares, and 37.903 million shares, respectively.
Nestle Pakistan was the top price gainer with an increment of 300 rupees (2.94 U.S. dollars) to 8,300 rupees (81.37 U.S. dollars) while on the other hand, Rafhan Maize led the major price shedders with a decrement of 150 rupees (1.47 U.S. dollars) to 7,700 rupees (75.49 U.S. dollars).
