Pakistan Stock Exchange(PSX) could not maintain the bullish trend in the early trading on Wednesday as after opening in red, the benchmark KSE-100 Index dropped 381 points to 156,181.72 points in the first 10 minutes of trading.
At 9:40 a.m., the stock market was trading at 156,181.72 points against 156,563.52 points in the previous session.
Previous Session:
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued with a bullish trend on Tuesday, gaining 476.22 points, a positive change of 0.31 percent, closing at 156,563.53 points against 156,087.31 points last trading day.
A total of 1,068,521,605 shares were traded during the day, as compared to 1,126,267,973 shares on the previous trading day, whereas the price of shares stood at Rs 55.190 billion against Rs 62.295 billion on the last trading day.
As many as 478 companies transacted their shares in the stock market, 154 of them recorded gains and 291 sustained losses, whereas the share price of 33 companies remained unchanged.
The three top trading companies were K-Electric Limited with 169,615,422 shares at Rs 5.75 per share, Bank of Punjab with 83,886,261 shares at Rs 19.66 per share, and WorldCall Telecom with 74,056,866 shares at Rs 1.52 per share.
Hoechst Pakistan Limited witnessed a maximum increase of Rs 73.65 per share price, closing at Rs 4,094.15, whereas the runner-up was Bhanero Textile Mills Limited with Rs 44.10 per share price to Rs 1,000.00.
PIA Holding Company Limited witnessed a maximum decrease of Rs 343.50 per share, closing at Rs 24,565.50, followed by Unilever Pakistan Foods Limited with a Rs 182.75 decline in its share price to close at Rs 32,317.25.
