ISLAMABAD: The Pakistan Stock Exchange (PSX) came under selling pressure on Wednesday with the benchmark KSE-100 Index shedding 665.76 points.
The index closed at 113,862.32 points, down 0.58 percent from the previous session’s 114,528.09 points.
The selling was observed in key sectors including commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks including HBL, MCB, NBP, MARI, OGDC, PPL, PSO, SHEL and HUBCO traded in the red.
An International Monetary Fund (IMF) mission is expected to reach Pakistan on March 3, for the first review of the $7 billion Extended Fund Facility (EFF) programme.
On Wednesday a total of 640,178,422 shares were entertained during the day as compared to 495,984,234 shares the previous trading day, whereas the price of shares stood at Rs 22.740 billion against Rs 29.362 billion on the last trading day.
As many as 446 companies transacted their shares in the stock market,126 of them registered gains and 260 met losses, whereas the share price of 60 companies remained unchanged.
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The three top trading companies were Cnergyico PK with 83,863,183 shares at Rs 7.69 per share followed by Pak International Bulk with 49,255,813 shares at Rs 9.08 per share whereas Sui South Gas settled with 39,439,690 shares at Rs 34.18 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs 323.44 per share closing at Rs 23,324.97 whereas Ismail Industries Limited was the runner-up with Rs 34.92 rise in its share price to close at Rs 1,934.92.
Abbot Laboratories (Pakistan) Limited witnessed a maximum decline of Rs 31.55 per share price, closing at Rs 1,048.58, whereas the runner-up was Sapphire Textile Mills Limited with a drop of Rs 28.77 in its per share price to Rs 1,717.18.
On Tuesday, the PSX benchmark KSE-100 Index closed at 114,528.09, up by 197.98 points or 0.17%.
