Friday June 24, 2022

PSX Witnessed Crash As KSE- 100 Index Plunges Over 1, 600 Points

KARACHI: The Pakistan Stock Exchange (PSX) Friday witnessed a crash immediately after Prime Minister Shehbaz Sharif announced “tough decisions” taken by the government in the federal budget for the upcoming fiscal year 2022-23.

At close, benchmark KSE-100 index closed at 41,051.79 points after plunging 1,665.18 points or 3.9%.

Shares of 364 companies were traded during the session. At the close of trading, 61 scrips closed in the green, 287 in the red, and 16 remained unchanged.

Overall trading volumes rose to 424.22 million shares compared with Thursday’s tally of 349.48 million. The value of shares traded during the day was Rs12.8 billion.

K-Electric was the volume leader with 36.66 million shares traded, gaining Rs0.01 to close at Rs2.86. It was followed by Cnergyico PK Limited with 25.85 million shares traded, losing Rs0.43 to close at Rs5.35 and Pakistan Refinery with 25.3 million shares traded, losing Rs1.44 to close at Rs18.10.

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