The LSE-25 index further plunged by 105.76 points to close at 5976.13 against 6081.89 of Thursday amid bearish sentiments, as investors remained on the sideline ahead of weekend. The transaction volume squeezed to 1.890 million shares compared with the day earlier volume of 2.584 million shares. The market resumed trading on a depressed note and kept on moving down throughout the day.
Only a few companies including Pakistan Oil Fields, Hascol Petroleum and Silk Bank resisted pressure while most of the bluechips and ready boards shares like D G Khan Cement, Habib Bank, PSO, Byco Petroleum, Adamjee Insurance, Fauji Fertilizer, Arif Habib Corporation, Tarqi Glass, Nishat Chunian and Kot Addu Power ended in negative zone.
The losers were more than the gainers. Of 92 active issues, four companies posted gains, 30 suffered losses while 58 companies stayed glued to their previous closing. Pakistan Oil Fields gained Rs 9.30 while Hascol Petroleum and Silk Bank were up by 58-paisa and 9-paisa, respectively.
In the minus column, D G Khan Cement lost Rs 7.43, Habib Bank was declined by Rs 4.96, PSO shed Rs 4.38 while Adamjee Insurance and Fauji Fertilizer were down by Rs 2.83 and Rs 2.76, respectively. Silk Bank with trading of 394,000 shares topped the volume leaders followed by K-Electric with 332,000 shares.