KARACHI: The Pakistan Stock Exchange (PSX) observed a bearish sentiment on Wednesday as investors dumped stock for profit taking over the gains made during the week.
The benchmark KSE 100-index closed after losing 241.38 points (-0.52%) percent at 46,165.50 points. The total volume of share was 146.432 million valued at Rs7.7 billion. The lower bench KSE-30 index also declined by 50.24 points (-0.28%) and closed at 17,764.15 points. The total volume of shares was 118.052 million.
The KMI 30 index dropped by 318.80 points (-0.42%) and closed at 75,058.56 points, while the All Share Index gained 142.12 points (-0.45%) and closed at 31,307.40 points. The total volume of share traded were 474.463 million at the stock market.
The highest number of shares traded belonged to WorldCall Ltd (23.12%) which traded 140.797 million shares. This was followed by Cnergyico PK Ltd (15.38%), Fauji Cement (FCCL 4.44%) and Hum Network Ltd (9.13%). The number of scrips traded were 40.149 million, 18.176 million, and 17.801 million, respectively.
As many as 362 companies transacted shares in the stock market, 114 of them recorded gain and 228 sustained losses, whereas the share price of 20 companies remained unchanged.
The three top trading companies were Flying Cement with a volume of 80,735,500 shares and price per share of Rs9.67, WorldCall Telecom with a volume of 42,739,000 and price per share of Rs1.98 and Ghani Glo Hol with volume of 32,521,000 and price per share of Rs21.18.
Sanofi-Aventis witnessed a maximum increase of Rs59.50 per share, closing at Rs974.95 whereas the runner up was Al-Ghazi Tractors, the share prices of which climbed up by Rs29.42 to Rs421.75.
Nestle Pakistan witnessed maximum decrease of Rs110 closing at Rs5445 followed by Philip Morris Pak, the share price of which declined by Rs21 to close at Rs650.
