PSX Closes in Red as KSE-100 Loses 150 Points

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued with bearish trend on Thursday, losing 150.52 points, a negative change of 0.10 percent, closing at 147,343.51 points against 147,494.03 points last trading day. A total of 935,466,958 shares were traded during the day as compared to 856,664,471 shares the previous trading day, whereas the price of shares stood at Rs. 33.515 billion against Rs. 29.286 billion on the last trading day. As many as 474 companies transacted their shares in the stock market, 238 of them recorded gains and 201 sustained losses, whereas the share price of 35 companies remained unchanged. The three top trading companies were Pace (Pak) Limited with 71,482,279 shares at Rs. 8.06 per share, Bank Makramah with 66,004,498 shares at Rs. 5.81 per share and Pak Elektron with 51,186,186 shares at Rs. 46.83 per share. Unilever Pakistan Foods Limited witnessed a maximum increase of Rs. 757.14 per share price, closing at Rs. 33,077.14, whereas the runner-up was Sazgar Engineering Works Limited with Rs. 149.52 rise in its per share price to Rs. 1,644.75. PIA Holding Company Limited witnessed a maximum decrease of Rs. 377.99 per share closing at Rs. 26,622.01 followed by Sapphire Textile Mills Limited with Rs. 61.37 decline in its share price to close at Rs. 1,370.00. Meanwhile, in the future market, as many as 326 companies traded shares in the market out of which 183 witnessed gain, 138 loss where the prices of 5 companies remained unchanged.