ISLAMABAD, Aug. 25 (Xinhua) -- The Pakistan Stock Exchange (PSX) rebounded on Friday as investors pounced on the buying opportunity after the recent wave of bearish trade owing largely to the signs of mounting Pakistan-U.S. tension and Pakistan's balance of payment concerns.
The Pakistan Stock Exchange's benchmark KSE 100-Index gained 0.88 percent, or 373.13 points, to 42,641.75 points on Friday when compared with 42,268.62 points witnessed on Thursday. During the week that ended on Aug. 25, the key index lost 436.63 points as three out of five trading sessions ended on the bearish note.
The KSE All-Share Index increased by 0.69 percent, or 207.29 points, to 30,239.78 points, the KSE 30-Index moved up by 0.96 percent, or 209.26 points, to 22,054.52 points, the KMI 30-Index expanded by 1.31 percent or 926.06 points to 71,501.39 points, whereas the Islamic All-Share Index swelled by 0.83 percent, or 172.70 points, to 20,936.77 points.
During Friday's trading session, the main index moved in a healthy range of 948.14 points as it touched an intraday high of 42,783.89 points as against an intraday low of 41,835.75 points.
Market volumes decreased by 4.19 percent or 7.73 million shares to 176.92 million shares on Friday when compared with Thursday's trade of 184.66 million shares. During the week that ended on Friday, the top Pakistani equity market registered total volumes of 898.52 million shares at an average daily turnover of 179.70 million shares.
Market capitalization improved by 0.69 percent, or 60.82 billion rupees (565.49 million U.S. dollars), to 8.87 trillion rupees whereas trade value depleted by 6.73 percent, or 676.22 million rupees, to 9.38 billion rupees.
Among 369 active scrips on Friday, the prices of 240 issues advanced, 118 depleted, whereas values of 11 other companies stayed unchanged.
TRG Pakistan Limited, Karachi Electric Limited, and Bank of Punjab were the top traded companies with turnovers of 24.85 million shares, 15.45 million shares, and 11.22 million shares, respectively.
Rafhan Maize XD led the major price shedders of the day with an increment of 199.38 rupees to close at 6,999.38 rupees while on the flip side Nestle Pakistan led the major price shedders with a decrement of 100.00 rupees to finish the week at 10,900.00 rupees. (1 U.S. dollar = 107.55 rupees)
