AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Pakistan Stock Exchange witnessed declines in its key indices on Friday, with both the KSE30 and KSE100 recording losses in their values. The KSE30 index fell by 143.72 points to close at 52,413.79, while the KSE100 index saw a more significant drop of 556.16 points, settling at 171,404.49.
The market experienced fluctuations throughout the trading session, with the KSE30 reaching a high of 52,824.31 and a low of 52,307.01. The KSE100 index recorded a high of 172,674.65 and a low of 171,149.07, reflecting volatility in the market.
The percentage change for the KSE30 was noted at a decline of 0.27%, while the KSE100 saw a decrease of 0.32%. The turnover for regular market transactions fell to 797,527,618 shares from a previous 950,145,618 shares, indicating reduced trading activity.
The traded value in the regular market also decreased, registering at 42,219,105,307, down from 54,074,868,202. The market capitalization reflected a slight dip, closing at 19,457,155,094,568 compared to the previous 19,498,105,393,956.
In terms of Deliverable Futures Contracts (DFC), turnover remained steady with a slight increase to 166,355,000 from 166,284,500. However, the traded value saw a decline, reaching 9,492,494,970 from 12,548,059,510.
Open Deliverable Liquidity (ODL) turnover saw a significant drop, recording 471 from the prior 1,970, with the traded value also falling to 7,582 from 37,428.
The decline in indices and turnover suggests a cautious stance by investors, possibly influenced by broader economic factors impacting market sentiment.