The Pakistan Stock Exchange (PSX) ended the week on a negative point, with the benchmark KSE-100 Index losing 207 points, or 0.44 per cent, to close at 46,877 on Friday.

The market hit the day's high of 47,241 within 15 minutes after the opening of the trading session but failed to sustain the positive momentum. Profit-taking in the second session led the benchmark index to the day's low at 46,834 points near the day's close.

The commercial banking sector dominated the day's trading with 50.9m shares traded, while the technology and the engineering sectors followed with 42.2m and 38.9m shares traded respectively.

"Stocks closed bearish amid higher trades on investor concerns over foreign outflows," said Ahsan Mehanti of Arif Habib Corporation.

He added that the higher global crude prices, speculations on likely refunds to the ailing textile sector next week, upbeat oil consumption and cement sales data for July 2017 invited mid-session support in the textile, oil and cement sectors.

"Economic uncertainty and concerns over political noise played a catalyst role in the bearish close at the PSX," he added.

A total of 138m shares worth nearly Rs8.8bn of KSE-100 index companies changed hands during the session.

Stocks of a total of 395 companies were traded, of which 170 advanced, 202 declined and 23 remained unchanged.

Volumes were led by:

B.O.Punjab: 42m shares traded [-0.17pc];

Azgard Nine: 25.4m shares traded [+1.69pc];

Aisha Steel Mill: 23.2m shares traded [+2.71pc];

TRG Pak Ltd: 21.1m shares traded [-3.72pc];

K-Electric Ltd: 15.6m shares traded [-2.82pc].