PSX sheds 284 points

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The Pakistan Stock Exchange (PSX) turned bearish on Friday amid disappointing trade data and inflationary figures, with the benchmark KSE-100 Index shedding 284.38 points (-0.61 percent) to close at 46,636.08 points.

The market opened on a positive note and remained bullish during the first session; however, the news of August trade data attracted bears back to the bourse and the market witnessed strong selling pressure.

The KSE-100 Index moved in a range of 625.9 points, showing an intraday high of 47,181.7 points and a low of 46,555.8 points. Among other indices, the KSE All Share Index shed 162.25 points (-0.5 percent) to close at 32,010.2 points, while All Share Islamic Index shed 169.09 points (-0.73 percent) to close at 22,864.41 points.—TLTP

 

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