Stocks continued to slide, with the KSE-100 index down by 35.06 points to close the shortened Friday session at 29,318.06.
On the heavyweight oil and gas sector, Mari Petroleum plunged by Rs19.57 to hit its ‘lower circuit breaker’ after the finance minister refused the proposal to change its pricing formula.
While NIB Bank, BAFL and NPL remained the most active scrips. Foreign investors continued cherry picking with fresh net inflow of $1.3 million. The overseas investors bought shares valued at $1m on the electricity sector and $0.5m each on the oil and gas and cement sectors.
