KARACHI: Bearish sentiments prevailed at the Pakistan Stock Exchange (PSX) on Thursday, with the indices accumulating losses all day long.
The benchmark KSE-100 index recorded a decrease of 376.93 points, or 0.83%, to settle at 44,929.61 points. The market went as high as 45,496.82 points during intra-day trading, while recording as low as 44,882.75 points.
Traded volumes decreased from 388 million shares to 329 million shares (-15% day-on-day) while traded value dropped 18% at $104 million. Overall trading volumes fell to 328.9 million shares compared with Wednesday’s tally of 387.9 million.
Stocks that contributed significantly to the volumes included Ghani Global Holdings (+7.5%), TRG Pakistan (-0.9%), WorldCall Telecom (-5%), Unity Foods (-3.3%) and Telecard Limited (+7.5%), which accounted for 38% of the total volume.
The value of shares traded during the day was Rs15.9 billion. Shares of 390 companies were traded. At the end of the day, 92 stocks closed higher, 276 declined and 22 remained unchanged.
