Pakistan stocks close in red amid resurgence in terror incidents

The Pakistan Stock Exchange closed on Friday in the red, after a series of terror incidents left the country reeling following a long period of relative calm.

The Thursday evening horrific suicide attack at the Lal Shahbaz Qalandar shrine in Sindh province seemed to have dented investor sentiment, deflating some of the positivity seen in the market earlier that day.

The benchmark KSE-100 index lost 212.59 points, or 0.43 per cent, in the Friday session to reach 49,376 points. 153.8 million shares changed hands, with a total worth of Rs 14.7 billion.

Stocks of 403 companies were traded, of which 220 gained in value, 170 declined and 13 remained unchanged.

--IANS

ahm/dg