KARACHI: The Pakistan bourse witnessed range bound activity on Friday due to the political unrest and rupee depreciation against the dollar.
“Another dull day was witnessed at the market due to prevailing political noise. The KSE-100 Index remained in the green zone throughout the day while the main board activity remained dull,” an analyst at Arif Habib Limited said
“On the flip side, activity continued to remain side-ways as the market witnessed hefty volume in the third tier stocks,” he added.
The Pakistan Stock Exchange KSE-100 shares Index gained 0.07 per cent, or 28.60 points, to close at 43,551.15 points. The KSE-30 shares Index gained 0.21 per cent, or 35.36 points, to close at 16,657.48 points.
As many as 320 scrips were active of which 162 advanced, 130 declined and 28 remained unchanged.
The ready market volumes stood at 161.93 million shares, compared with the turnover of 149.78 million shares in the last trading session.
The companies which reflected the highest gains included Mehmood Tex up Rs61.15 to close at Rs879/share, and Sapphire Tex up Rs48.96 to close at Rs1,038.95/share.
The companies that reflected the most losses included Sapphire Fiber down Rs72.67 to close at Rs896.32/share, and Rafhan Maize down Rs57 to close at Rs11,633/share.
The highest volumes were witnessed in WorldCall Telecom with a turnover of 12.17 million shares. The scrip gained 2 paisas to close at Rs1.56/share, followed by Dost Steels Ltd with a turnover of 9.82 million shares. It gained 50 paisas to close at Rs4.63/share. Cnergyico PK remained the third with a turnover of 9.40 million shares. It gained 16 paisas to finish at Rs5.25/share.
