Saturday, 22 October 2016
A bearish trend was witnessed on Pakistan Stock Exchange (PSX) due to prevailing political uncertainty in the country. The benchmark KSE-100 index declined by 254.52 points to close at 41,291.43 points on Friday. Trading activity also remained low and the daily trading volumes declined to 529.533 million shares as compared to 561.925 million shares traded Thursday. The market capitalisation reduced by Rs 44 billion to Rs 8.429 trillion. Out of 438 scrips, 258 closed in negative, 169 in positive while the value of 11 stocks remained unchanged.