PSX Goes Down 2,000 Points After Israeli Strikes on Iran

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, losing 1,949.56 points, a negative change of 1.57 percent, closing at 122,143.57 points as compared to 124,093.12 points on the last trading day. Brokerage firm Topline Securities said that KSE 100 Index largely traded in negative zone during the trading session in line with international and regional trend, owing to Israel’s attack on Iran. Top negative contribution to the index came from ENGROH, FFC, LUCK, BAHL, MEBL, SYS and PPL, as they cumulatively contributed – 863 points to the index. A total of 968,346,528 shares were traded during the day as compared to 1,024,633,864 shares the previous trading day, whereas the price of shares stood at Rs. 29.558 billion against Rs. 50.539 billion on the last trading day. As many as 469 companies transacted their shares in the stock market, 130 of them recorded gains and 304 sustained losses, whereas the share price of 35 companies remained unchanged.