KARACHI: Bears dominated Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 index failing to sustain early gains, plunging nearly 81 points intraday.
The benchmark KSE-100 Index moved in a narrow range today, registering its intraday high at 45,447.49 and low at 45,174.89. It settled lower by 81.04 points at 45,230.18 against 45,311.22 on the last working day.
A total 347,665,735 shares were traded during the day compared to the trade of 341,889,381 shares the previous day whereas the price of shares stood at Rs12.601 billion against Rs16.442 billion the previous day.
As many as 374 companies’ transacted shares in the stock market, 134 of them recorded gain and 218 sustained losses whereas the share price of 22 companies remained unchanged.
The three top traded companies were Telecard Limited with a volume of 73,577,000 shares and price per share of Rs11.45, WorldCall Telecom with a volume of 64,880,000 and price per share Rs1.48 and Hum Network with the volume of 17,371,500 and price per share of Rs6.74.
Sapphire Tex witnessed maximum increase of Rs61.05 per share, closing at Rs875.05 followed by Nestle Pakistan, share prices of which increased by Rs41.49, closing at Rs5851.49.
