ISLAMABAD: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 turned bearish on Wednesday, shedding 165.26 points amid selling pressure.
Buying momentum was observed at the start of the trading session, pushing the index to an intraday high of 140,202.17.
At close, the benchmark index settled at 139,254.36, showing a decline of 0.12%.
On Wednesday, a total of 656,642,916 shares were traded as compared to 629,032,405 shares the previous trading day, whereas the price of shares stood at PKR 32.096 billion against PKR 34.675 billion on the last working day.
As many as 483 companies transacted their shares in the stock market, 211 of them recorded gains and 243 met losses, whereas the share price of 29 companies remained unchanged.
The three top trading companies were WorldCall Telecom with 55,415,421 shares at PKR 1.54 per share, Media Times Limited with 38,368,003 shares at PKR 3.67 per share, and First Dawood Prop with 31,297,416 shares at PKR 6.75 per share.
PIA Holding Company LimitedB witnessed a maximum increase of PKR 2,791.38 per share price, closing at PKR 30,705.17, whereas Unilever Pakistan Foods Limited was the runner-up with PKR 2,777.72 rise in its per share price to PKR 30,554.94.
Rafhan Maize Products Company Limited witnessed a maximum decline of PKR 63.16 per share, closing at PKR 9,469.83, followed by Hoechst Pakistan Limited with a drop of PKR 51.65 in its share price to close at PKR 3,082.60.
On Tuesday, positive sentiment returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,200 points as sustained buying activity lifted market confidence.
At close, the benchmark index settled at 139,419.61, showing an increase of 1,202.03 points or 0.87%.
Last week, the Pakistan Stock Exchange (PSX) closed at a historic high, driven by investors’ optimism, strong macroeconomic indicators, and expectations of solid corporate earnings.
