Pakistan stocks witnessed big losses on Friday, with the KSE-100 index losing over 3,700 points after equities closed in red in expectations of more regional chaos next week.
Market watchers told ProPakistani that the US-Israeli military operation hasn’t threatened Iran’s grip on power and so far, there are no reports of significant defections or of popular uprisings. However, Iran is expected to increase and drastically widen its attacking strength against the US-Israel nexus starting next week, which could impact equities across Asian markets.
The 100-Index of the Pakistan Stock Exchange (PSX) fell by 3,714 points or 2.3 percent to close at 157,496 points as compared to 161,210 points on the last trading day.
A total of 196 million shares were traded during the day, whereas the price of shares stood at Rs. 18.78 billion at close.
As many as 567 companies transacted their shares in the stock market, 105 of them recorded gains and 311 sustained losses, whereas the share price of 151 companies remained unchanged.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| KEL | 7.81 | 7.99 | 7.75 | -0.24 | 36,917,726 |
| CNERGY | 6.7 | 7.02 | 6.61 | -0.28 | 22,424,861 |
| UNITY | 9.46 | 9.84 | 9.31 | -0.62 | 19,052,764 |
| HASCOL | 16.21 | 17.17 | 15.8 | -0.23 | 17,094,881 |
| BOP | 28.28 | 29.1 | 27.83 | -0.93 | 14,603,681 |
| NCPL | 65.37 | 67.98 | 63.1 | -3.04 | 12,958,520 |
| WTL | 1.26 | 1.32 | 1.25 | -0.03 | 11,873,904 |