ISLAMABAD: The Pakistan Stock Exchange 100-index went down by 25.46 points on Friday with a nominal negative change of 0.05 percent to close at 48,585.72 points compared to 48,611.18 points last day.
During the early session last day, the index surpassed the 49000 benchmark, which was the highest ever during the last six years, however, due to the profit taking by the investors the index went down in the red zone. During the last one month, the market gained more than 5000 points. It is the reason that it was predicted the market would start to move down as part of the correction process.
On closing of the day 331,132,473 shares were transacted against 526,039,924 shares the previous day, whereas the price of shares stood at Rs 12.500 billion compared to Rs 19.032 billion on the last trading day.
Bearish Trend at Pakistan Stock Exchange
As part of the correction process, the market remained in the red zone with a bearish trend for the last one and a half days. On Friday 337 companies traded their shares in the stock market, 130 of them recorded gains and 184 sustained losses, whereas the share price of 23 companies remained unchanged.
Cnergyico PK occupied the top slot for the third consecutive day among the three top-trading companies with 66,505,989 shares at Rs 3.95 per share, Oil and Gas Dev settled as the runner-up with 27,995,429 shares at Rs.107.66 per share followed by Pak Refinery with 25,888,166 shares at Rs 18.58 per share.
Unilever Foods recorded a maximum increase of Rs 150.00 per share price, closing at Rs24,000.00 whereas Khyber Textile stood as the runner-up with an increase of Rs 60.57 in its per share price to settled at Rs 894.00.
Al-Abbas Sugar XD witnessed a maximum decline of Rs 37.90 per share closing at Rs 472.10, followed by Mari Petroleum with a decrease of Rs 19.16 to close at Rs 1,640.01.
