KARACHI: The Pakistan Stock Exchange (PSX) witnessed another volatile session on Wednesday as it endured selling pressure and eventually closed in the red.
The benchmark KSE-100 index failed to regain the 46,000 points level lost a day earlier and reached its highest points of 45,958.37 points. The bourse decreased by 284.38 points, with a negative change of 0.62 percent, and closed at 45,533.30 points. The total volume of shares were 112.986 million valued at Rs4.1 billion.
The lower bench KSE-30 index decreased by 305.68 (-1.72%) and closed at 17,427.11 points. The total volume of shares were 93.472 million. The KMI 30 index declined by 502.77 points (-0.67%) and closed at 74,450.89 points, while the All Share Index dropped 116.27 points (-0.37%) and closed at 31,000 points. The total volume of shares traded were 223.768 million at the stock market.
The highest number of shares traded belonged to Cnergyico Pk Ltd (CNERGY 8.99%) which traded 63.683 million shares. This was followed by Pakistan Refinery Ltd (PRL 6.05%), G3 Technologies Ltd (GTECH 5.87%) and Pak Elektron Ltd (PAEL 0.22%). The number of scrips traded were 26.165 million, 11.275 million, and 10.618 million, respectively.
Of the 92 traded companies in the KSE100 Index 33 closed up 56 closed down, while 3 remained unchanged. Sectors propping up the index were Commercial Banks with 37 points, Refinery with 34 points, Glass & Ceramics with 3 points, Tobacco with 1 points and Miscellaneous with 1 points.
Sector wise, the index was let down by Fertilizer with 107 points, Technology & Communication with 62 points, Cement with 40 points, Chemical with 35 points and Investment Banks/Securities with 33 points.
The most points taken off the index was by FFC which stripped the index of 83 points followed by SYS with 43 points, DAWH with 35 points, EPCL with 27 points and HUBC with 26 points.
