PSX Ends Week on a High as KSE-100 Index Goes up by Over 900 Points

The Pakistan Stock Exchange (PSX) ended a volatile week on a high as the benchmark KSE-100 Index gained over 900 points on Friday.  The KSE-100 Index went up by 928 points to close at 111,351 points, up 0.83 percent over the previous closing.   A total of 815,920,043 shares were traded during the day as compared to 628,026,201 shares the previous day. The price of shares stood at Rs. 32.9 billion against Rs. 33.58 billion on the last trading day.    443 companies transacted their shares in the stock market today with 223 recording gains and 176 sustaining losses, whereas the share price of 44 companies remained unchanged.  The 4-day week, thanks to a public holiday on the December 25 (Wednesday), started on a positive note as the KSE-100 Index posted its second highest-ever single-day gain, going up by 4,411 points.   However, bears regained control on Tuesday as the Index shed 1,509 points with one brokerage house attributing the market’s downturn primarily to concerns over rising leverage positions.   After Wednesday’s public holiday, selling pressure persisted on Thursday with the KSE-100 Index going down by 1,991 points to close at 110,423 points.