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KARACHI: The Pakistan Stock Exchange (PSX) continued to slump on Wednesday for the third consecutive day and dropped below the 46,000 points level.
The stock market increased in early trading and reached its highest level of 46.568.06 points. However, the bourse witnessed a decline which continued throughout the day until trading was suspended.
The KSE-100 eventually dropped by 390.20 (-0.84%) and closed at 45,943.16 points. The total volume of shares were 118.648 million valued at Rs5.8 billion. The lower bench KSE-30 index dropped by 172.54 points (-0.97%) and closed at 17,690.16 points. The total volume of shares was 92.46 million.
The KMI 30 index declined by 877.16 points (-1.16%) and closed at 74,992.31 points, while the All Share Index also decreased by 230.55 points (-0.73%) and closed at 31,207.36 points. The total volume of shares traded were 234.952 million at the stock market.
The highest number of shares traded belonged to Cnergyico PK Ltd, (CNERGY 2.77%) which traded 23.759 million shares. This was followed by TPL Properties Ltd (TPLP 3.12%) Ghani Global Holdings Ltd (GGL -0.67%), and Maple Leaf Cement Factory Ltd (MLCF -6.09%). The number of scrips traded were 15.740 million, 14.761 million, and 12.459 million, respectively.
Of the 92 traded companies in the KSE100 Index 26 closed up 63 closed down, while 3 remained unchanged. Of the 92 traded companies in the KSE100 Index 26 closed up 63 closed down, while 3 remained unchanged. The total volume traded for the index was 111.65 million shares.
Sector-wise, the index was let down by Commercial Banks with 98 points, Cement with 88 points, Oil & Gas Exploration Companies with 67 points, Fertilizer with 46 points and Power Generation & Distribution with 21 points.
Total companies traded were 326 compared to 345 from the previous session. Of the scrips traded 87 closed up, 218 closed down while 21 remained unchanged.