LAHORE - Bear-run continued at the Pakistan Stock Exchange on Friday as the KSE 100-index to close down 210 points at 44,537 points. Selling pressure was witnessed across the board as investors opted to book profits as political environment remained heated.

Traded volumes plunged by 3 percent DoD to 140m shares, while value traded dropped to $44m. Top volume stocks were BOP (+2.34 percent), UNITY (-3.85 percent) and STCL (+2.43 percent). KEL (+1.52 percent) from the power sector closed positive on back of the news that Prime Minister backed sale of K-Electric's majority stake to Chinese firm, where the deal would get through in near future.

Cement sector remained under the hammer for third consecutive day as LUCK (-1.15 percent), DGKC (-0.57 percent), PIOC (-2.02 percent) and FCCL (-0.63 percent) lost value to close in the red zone. Pressure was witnessed in the banking space where big banks such as HBL (-1.75 percent), UBL (-3.10 percent), ABL (-0.78 percent) and MCB (-0.25 percent) closed in the negative zone.

E&P sector closed lower than its previous day’s close as crude oil prices edged lower in the international market. POL (-0.25 percent) and PPL (-0.56 percent) were the major losers of the mentioned sector. Stock market is expected to exhibit volatility in the coming sessions due to overall political ambiguities in the market.