ISLAMABAD: After touching the fifty thousand mark briefly, followed by a decline of 200 points, the 100-index of the Pakistan Stock Exchange (PSX) continued the bearish trend on Wednesday and lost 99.53 points with a negative change of 0.20 percent. At close, the index settled at 49,431.48 points as compared to 49,531.01 points the previous day.
Last day, the decline in the last session was due to profit-taking; however, today’s bearish trend was possibly attributed to the depreciation of local currency against the dollar.
During the day, a total of 332,606,956 shares valuing Rs 8.824 billion were transacted as compared to 368,340,627 shares valuing Rs 10.404 billion on Tuesday.
Bearish Trend at Pakistan Stock Exchange
On Wednesday, 347 companies traded their shares in the stock market; 141 of them recorded gains, and 185 suffered losses, whereas the share price of 21 companies remained unchanged.
Pak Refinery remained the leader among the top-three trading companies with 75,718,044 shares at Rs 16.87 per share, while K-Electric Ltd settled as the runner-up with 37,461,346 shares at Rs 3.08 per share, followed by Pak Int. Bulk with 23,634,000 shares at Rs 4.67 per share.
Bhanero Tex XD recorded a maximum appreciation of Rs 36.50 per share price, closing at Rs 959.00, whereas Premium Tex XD settled as the runner-up with a rise of Rs 26.85 in its per share price to Rs 404.85.
Mehmood Tex recorded a maximum decline of Rs 37.50 per share, closing at Rs 462.50, followed by Nestle Pakistan with a decline of Rs 12.41 to close at Rs 7,300.00.
