With a negative change of 0.22 percent, the index closed at 81,114.20 points against 81,292.13 points on the last working day, as per data available on the PSX website.
The data showed that as many as 297,994,181 shares were traded during the day as compared to 339,323,128 shares the previous trading day, whereas the price of shares stood at Rs14.103 billion against Rs12.893 billion on the last trading day.
a total of 444 firms transacted their shares in the stock market, 132 of them recorded gains and 244 sustained losses, whereas the share price of 68 companies remained unchanged, the PSX reported.
The information available on the site further revealed that the three top trading companies were PIA Holding Company with 43,078,126 shares at Rs 18.74 per share, WorldCall Telecom with 21,681,706 shares at Rs 1.20 per share and Hub Power Company XD with 20,477,310 shares at Rs 119.34 per share.
It reported Lucky Core Industries limited witnessed a maximum increase of Rs 30.90 per share price, closing at Rs 1,051.03, whereas the runner-up was Mari Petroleum Limited with Rs 16.71 rise in its per share price to Rs 425.54.
The bourse said Rafhan Maize Products Company Limited witnessed a maximum decrease of Rs 542.49 per share closing at Rs 6,804.26 followed by Unilever Pakistan Foods Limited with Rs149.94 decline to close at Rs 17,075.06.
Meanwhile, the per tola and 10-gram prices of 24-karat gold on Friday further decreased by Rs500 to Rs275,500 and Rs428 to Rs236,197 respectively.
The per tola price of gold decreased to Rs275,500 compared to Rs276,000 on last trading day, the All Sindh Sarafa Jewellers Association reported.
The association said the price of 10-gram of 24-karat gold also decreased by Rs428 to Rs236,197 from Rs236,625 whereas the price of 10 gram 22 karat gold went down to Rs 216,514 from Rs. 216,907.
FX Street reported that gold pulled back to trade in the $2,640s per troy ounce on Monday, as traders take profit after last week’s almost 1.4% rally to new all time highs. A historic rally in Chinese stocks, which saw the benchmark CSI 300 gain over 7.50% during the Asian session on Monday alone, as well as a brighter outlook for the Chinese property market due to falling mortgage rates diverts capital away from Gold as a safe-haven.
It further reported that gold traders have been surfing a wave that started after a seismic shift in the US, where the Federal Reserve (Fed) opted to cut interest rates by a “jumbo” 0.50% at their September meeting, lowering the opportunity cost of holding the precious metal. However, better-than-expected US data since then have slightly lowered the chances of the Fed making another aggressive 50 basis point (bps) rate cut in November, though chances of this scenario occurring still remain above 50%, according to the CME FedWatch tool.
However, the price of per tola and 10-gram silver remained constant at Rs3,050 and Rs2,614.88 respectively.
