Pakistan Stock Exchange stagnant after earlier losses

A day after shedding over 365 points, the Pakistan Stock Exchange avoided further losses but remained more or less stagnant with a 4.79 points upward movement on Friday.

When trading closed for the day, the KSE-100 Index stood at 40,689.60 after a session where 242,918,687 shares were traded.

A total of 360 companies offered their shares for changing hands, out of which 178 gained in terms of their share prices. On the other hand, the value of 158 entities shrank while there was no change in the case of remaining 24.

Pakistan Refinery Limited proved to be the most active stock with the trading of 28,174,500 shares. It was followed by Unity Foods Limited and TRG Pakistan Limited with 19,558,500 and 15,285,500 shares respectively. 

Meanwhile, the biggest gain was made by Dewan Textile Mills Limited thanks to a 25 percent jump in its share price. However, Quetta Textile Mills Limited was the worst performer with a 10 percent cut.