Ahmed Mukhtar Naqshbandi
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Friday while losing 262.35 points with a negative change of 0.64 percent. The PSX-100 index closed at 40,471.16 compared to its last day’s closing of 40,733.51 points.
On Friday, a total of 105,053,350 shares were transacted against 124,087,701 shares the previous day, while the price of shares stood at Rs4.181 billion compared to Rs6.120 billion on the previous trading day.
The bearish trend in PSX
As many as 320 companies traded their shares in the stock market, 116 recorded gains, and 182 sustained losses, while the share prices of 22 companies were closed without change.
The three top-trading companies were Hub Power Company, Cnergyico Pk, and Dewan Motors, with 7,912,174 shares at Rs67.03 per share, 7,490,206 shares at Rs3.72 per share, and 5,698,000 shares at Rs14.45 per share respectively.
Nestle Pakistan recorded a maximum increase of Rs64.00 per share price, closing at Rs5,364.00, whereas Bata (Pak) stood as the runner-up with a rise of Rs47.00 per share price to Rs1,795.00.
Pak Services experienced a maximum decline of Rs145.35 per share, closing at Rs1,792.65, followed by Sapphire Textile with a decrease of Rs80.00 to close at Rs1,020.00.
