Volatility at bourse, KSE-100 sheds over 300 points in early trade

Volatility was observed at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index losing over 300 points during the trading opening hours. At 10:25am, the benchmark index was hovering at 164,096.19, a decrease of 348.52 points or 0.21%. Selling was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks ARL, HUBCO, MARI, POL, PSO, SSGC, SNGPL, MCB, MEBL and UBL, traded in the red. On Thursday, the PSX closed on a negative note as heavy profit-taking in major sectors, even as the bourse witnessed its highest-ever trading volume on record. The benchmark KSE-100 Index fell by 1,241.66 points, or 0.75%, to close at 164,444.72 points