ISLAMABAD: After enjoying a bullish trend for a fortnight, the Pakistan Stock Exchange turned around to a downward trend in the middle of the last week, and on Tuesday, the 100-index observed a significant and dramatic fall of over 900 points to close below 47,500. The major fall is also believed to be due to profit-taking and consolidation of gains as the index remained in the negative zone throughout the day and the benchmark settled at 47,429.83 against its last-day closing of 48,386.25.
Last day the index also remained in the negative zone and lost 200 points.
On Tuesday, a total of 336,078,121 shares were transacted during the day as compared to 381,855,144 shares the previous day, whereas the price of shares stood at Rs12.547 billion compared to Rs 14.528 billion on Monday.
Continued Bearish Trend at PSX
During the day, 338 companies traded their shares in the stock market, 47 of them witnessed gains and 275 sustained losses, whereas the share price of 16 companies were traded without a change.
Like the last few days, Cnergyico Pk remained the leader among the three top-trading companies with 28,316,392 shares at Rs 3.47 per share, followed by Oil and Gas Dev with 27,785,286 shares at Rs.97.85 per share while K-Electric Ltd occupied the third slot with 24,628,760 shares at Rs.2.10 per share.
Khyber Textile recorded a maximum appreciation of Rs 55.00 per share price, closing at Rs 949.00, followed by Gatron Ind. with an increase of Rs 8.81 in its per share price to Rs 228.99.
Sapphire Tex. witnessed a maximum decline of Rs 87.31 per share closing at Rs 1077.56, followed by Nestle Pakistan XD with a decrease of Rs 70.01 to close at Rs 6999.99.
