Ahmed Mukhtar Naqshbandi
ISLAMABAD: After a slight gain last day, the 100-index of the Pakistan Stock Exchange (PSX) went down again and witnessed a bearish trend on Thursday, losing 248.21 points with a negative change of 0.60 percent, closing at 41,078.65 points compared to 41,326.86 points on Wednesday.
On Thursday, a total of 141,865,637 shares were transacted against 137,377,503 shares on Wednesday, while the price of shares stood at Rs7.438 billion compared to Rs6.115 billion on the previous day.
Bearish Trend in PSX
In total, 320 companies traded their shares in the stock market, 90 of them recorded gains and 203 sustained losses, while the share price of 27 companies was closed without change.
The three top-trading companies were WorldCall Telecom, Maple Leaf and Meezan Bank, with 13,499,143 shares at Rs1.21 per share, 11,712,356 shares at Rs22.15 per share, and 7,235,853 shares at Rs96.63 per share respectively.
Rafhan Maize recorded a maximum appreciation of Rs349.00 per share price, closing at Rs8,799.00, whereas the runner-up was Reliance Cotton, with an increase of Rs45.64 per share price to Rs655.00.
Pak Tobacco witnessed a maximum decline of Rs48.85 per share, closing at Rs801.15, followed by Js Global Cap with Rs20.44 decline to close at Rs343.56.
