ISLAMABAD: KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, losing 223.36 points, with a negative change of 0.49 per cent, closing at 45,073.52 points against 45,296.88 points on the last working day.

A report from Topline Securities noted that the increase in the policy rate by 25 basis points to 7.25% by the State Bank of Pakistan (SBP) earlier this week kept the investor sentiment bearish.

Volumes declined from 443.8 million shares to 369.5 million shares (-16.72% day-on-day). The average traded value clocked in at Rs11.78 billion.

A total of 369,537,354 shares were traded during the day compared to the trade of 443,777,435 shares the previous day whereas the price of shares stood at Rs11.778 billion against Rs12.381 billion the previous day.

As many as 510 companies’ transacted shares in the stock market, 146 of them recorded gain and 351 sustained losses whereas the share price of 13 companies remained unchanged.

The three top trading companies were WorldCall Telecom with a volume of 39,708,500 shares and price per share of Rs 2.87, Unity Foods Ltd with a volume of 36,178,100 and price per share of Rs 31.91and Byco Petroleum with volume of 29,571,500 and price per share of Rs7.56.