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KARACHI: Bears remained in control of the Pakistan Stock Exchange on Thursday, as the indices struggled to find positivity amid political uncertainty and the procurement of COVID-19 vaccine.
The benchmark index KSE-100 index went down by 204 points to settle at 45,726. Market participation for the KSE100 Index decreased to 285M from 222M in the previous session (28% on d/d basis).
Major contribution to total market volume came from TRG, FFL and KEL combined for 125M shares out of the total market volume of 544M shares. The index was seen fighting selling pressure and barely staying in the positive during the first half of trading. Sellers overpowered buyers in the second half as the exchange saw red in many scripts.
The three top traded companies were TRG Pak Ltd with a volume of 47,593,500 shares and price per share of Rs96.51, Fauji Foods Ltd with a volume of 44,616,500 and price per share of Rs17.92 and K-Electric Ltd with a volume of 33,013,500 and price per share of Rs4.19.
Rafhan Maize recorded maximum increase of Rs99 per share, closing at Rs9600 whereas AKD Capital was runner up with an increase of Rs30.78 per share, closing at Rs4410.31.
