ISLAMABAD: The Pakistan Stock Exchange (PSX) on Thursday observed a bearish session amid profit taking with the benchmark KSE-100 Index shedding over 550 points.
The stock market opened on a positive note, pushing the benchmark index to an intraday high of 139,867.82.
However, selling pressure returned and the benchmark KSE-100 Index closed at 138,692.67, showing a decline of 561.69 or 0.40%.
A total of 648,800,865 shares were traded during the day as compared to 656,642,916 shares on the last working day, whereas the price of shares stood at PKR 28.117 billion against PKR 32.096 billion on the previous trading day.
As many as 484 companies transacted their shares in the stock market, 182 of them recorded gains and 273 met losses, whereas the share price of 29 companies remained unchanged.
The three top trading companies were Bank of Punjab with 113,028,558 shares at PKR 13.55 per share, followed by Media Times Limited with 37,109,870 shares at PKR 3.42 per share, whereas WorldCall Telecom settled with 28,180,735 shares at PKR 1.52 per share.
Unilever Pakistan Foods witnessed a maximum increase of PKR 3,055.49 per share price, closing at PKR 33,610.43, whereas PIA Holding Company LimitedB was the runner-up with a PKR 2,872.42 rise in its per share price to PKR 33,577.59.
SS Oil Mills Limited witnessed a maximum decline of PKR 101.72 per share, closing at PKR 953.00, followed by Blessed Textile Limited with a drop of PKR 30.28 in its share price to close at PKR 314.72.
The Pakistan Stock Exchange (PSX) faced mild pressure on Wednesday as investors engaged in profit-taking, prompting a cautious retreat across key sectors. The move reflected a reassessment of the recent bullish trend’s sustainability.
As a result, the benchmark KSE-100 Index declined by 165.26 points, or 0.12%, closing at 139,254.36.
