The Pakistan Stock Exchange’s (PSX) KSE 100-index saw a bearish trend on Friday, falling 274 points (0.65 percent) to close at 42,074.91 points as opposed to 42,348.91 points the previous working day.
A total of 140,118,124 shares were exchanged today as opposed to 227,848,374 shares the day before. The price of the shares was Rs.5.374 billion as opposed to Rs.7.429 billion on the previous trading day.
In the stock market, 347 different firms traded shares; 116 of them saw gains, 208 suffered losses, and 23 saw their share prices remain steady.
The following industries contributed to the performance: banking (-69.7 points), exploration and production (-55.1 points), cement (-45.7 points), engineering (-21.5 points), and fertilizer (-19.6 points).
The top three trading firms were Pak Elektron (12,025,000 shares traded at a price of Rs.16.29 per share), Unity Foods Ltd (8,962,944 shares traded at a price of Rs.20.19 per share), and Sui North Gas (5,919,475, at a price of Rs.39.19 per share).
Allawasaya Tex saw the greatest rise of Rs. 152.6 per share, finishing at Rs. 2,187.6, while Premium Tex came in second, with share prices rising by Rs. 35 to Rs. 829. The share price of Nestle Pakistan fell by Rs. 57.50 to settle at Rs. 5,943 after Bata (Pak) saw the largest fall of Rs. 167.44 per share, closing at Rs. 2,182.56.
Compared to Thursday’s total of 227.84 million shares, the overall trading volume increased to 140.11 million shares. Shares were exchanged for a total of Rs. 5.37 billion during the day.
To read our blog on “Pakistan stock exchange (PSX) becomes Asia’s third-worst-performing stock exchange” click here.
