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KARACHI: The Pakistan Stock Exchange (PSX) witnessed a turnaround on Wednesday as it plunged in early but managed to regain the 45,000 points level.
The benchmark KSE-100 index plunged in early trading and reached the lowest point of 44,756.92 points. The bourse recovered in later day trading session with a decline of 120.74 points (0.27%) and closed at 45,132.92 points. The total volume of shares was 94.488 million valued at Rs5.11 billion.
The lower bench KSE-30 index closed on a postive note as it gained 70.99 points (0.42%) and closed at 17,584.11 points. The total volume of shares was 49.597 million. The KMI-30 index closed at 72,968.62 points with a drop of 238.59 (0.33%), while the All-Share Index increased by 34.66 (0.11%) and closed at 30,880.02 points. The total volume of shares traded at the stock market was 186.320 million.
The highest number of shares traded belonged to Bank of Punjab (BOP -1.89) which traded 13.629 million scripts. This was followed by Telecard Ltd (TELE 4.00%), WorldCall Telecom Ltd (WTL 3.06%), and Maple Leaf Cement Factory Ltd (MLCF 6.76%) The number of scrips traded were 12.292 million, 11.588 million, and 10.588 million respectively.
As many as 348 companies transacted shares in the stock market,178 of them recorded gain and 153 sustained losses, whereas the share price of 17 companies remained unchanged.
Pak Tobacco witnessed a maximum increase of Rs37.99 per share, closing at Rs1046, followed by Rafhan Maize whose share prices climbed up by Rs 101 to Rs 10300. Colgate Palm witnessed maximum decrease of Rs 50 closing at Rs 2350 followed by Nestle Pakistan, the share price of which declined by Rs 144.90 to close at Rs5600.
