Business

KARACHI – The Pakistan Stock Exchange (PSE) has ended the week on a negative note, with the benchmark KSE-100 index losing 214.57 points, or -0.42 per cent, by the close of the trading session to reach 50,742.03.


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Volumes were primarily led by commercial banking and textile spinning company stocks as the benchmark index continued experiencing the post-MSCI upgrade selling streak.

76.4 million shares changed hands by the end of the session, with a total worth of nearly Rs7.97 billion.
Stocks of 404 companies were traded, of which 243 gained in value, 153 declined and 8 remained unchanged.

Volumes were led by:
1: Silk Bank Ltd: 24.3m shares traded [+2.14pc];
2: Summit Bank: 21.5m shares traded [+4.57pc];
3: Kohinoor Spining: 16.24m shares traded [+11.76pc];
4: Dewan Salman: 13.68m shares traded [+7.16pc]; and,
5: WorldCall Telecom: 11.42m shares traded [+2.07pc].