The Pakistan Stock Exchange (PSX) experienced selling pressure during the first half of trading on Friday with the benchmark KSE-100 index down around 500 points.
As of 12 pm, the index stood at 116,636.80, a decline of 482.85 points or 0.41 percent.
Sales activity was noted in key sectors such as automobile assemblers, cement, chemicals, commercial banks, oil and gas exploration, OMCs and power generation. Major stocks including HUBCO, PSO, SHELL, MARI, OGDC, POL, MCB, MEBL, NBP, and UBL traded in negative territory.
“Equities, especially cyclical ones, offer attractive opportunities for investors as the country gradually moves from stability to growth,” Intermarket Securities said in a research note.
