Islamabad, (TLTP): Bearish trend continued at Pakistan Stock Exchange for the second consecutive day on Friday, making the KSE 100 Index to shed another 232 points on the weekend.
The investors remained skeptical almost for the whole week mainly due to FATF plenary session in Paris, France, that finally decided to retain Pakistan on its Grey List for another four months on Friday. The foreign investors withdrew over USD 1.5 million from the bourse on the last working day.
The KSE 100 Index opened at 40,481.65 and closed at 40,249.22, losing 232.43 points that downed the bourse by 0.57 percent. The market ranged between 40,171 and 40,527 throughout the day. The total number of trades remained confined to 41,496 while almost 86 million shares valuing over Rs 3.6 billion were traded.
MLCF, KAPCO, Unity, DGKC and Hascol remained the top five active stocks with traded shares of 8.1 million, 7.5 million, 5.6 million, 4.3 million and 3.9 million respectively.
The top gainer in the KSE 100 Index was PMPK (Phillip Morris Pakistan Limited), which gained Rs 90.9 (3.79%) to close at Rs 2488.85, while the biggest loser was IDYM, which declined to Rs 657.61 after losing Rs 45.7 per share (6.5%).
The data related to Foreign Investors Portfolio Investment (FIPI) showed that foreign individuals, foreign corporates and overseas Pakistanis withdrew Rs 241 million.
