Pakistan Stock Exchange Witnesses Bearish Trend

Wed Dec 21 2022
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Staff Report

ISLAMABAD: The Pakistan Stock Exchange (PSX) 100-index on Wednesday witnessed a bearish trend, losing 489.56 points, a negative change of 1.23 percent, closing at 39,342.89 against the previous day’s 39,832.45 points.

Today, 166,000,710 shares were traded during the day compared to the previous day’s 265,284,415 shares, whereas the price of shares stood at PKR 4.052 billion against PKR 6.536 billion on the last trading day.

At least 329 companies transacted their shares in the stock market; 115 recorded gains and 195 sustained losses, whereas the share price of 19 companies remained unchanged.

Shares at Pakistan Stock Exchange

The three top-trading companies were WorldCall Telecom, with 17,470,525 shares at Rs 1.16 per share; Hum Network, with 11,875,500 shares at Rs 5.60 per share and Dewan Motors, with 8,573,000 shares at Rs 11.47 per share.

Nestle Pakistan witnessed a maximum increase of Rs 100 per share price, closing at Rs 5350.00, whereas the runner-up was Premium Textile, with a Rs 45.50 rise in its per share price to Rs 669.79.

Rafhan Maize witnessed a maximum decrease of Rs 600.00 per share, closing at Rs 7755. Sanofi-Aventis with a Rs 73.99 decline to close at Rs 966.01.

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