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PSX witnesses bearish trend as KSE-100 falls 164 points

MM News Staff by MM News Staff
November 17, 2022

KARACHI: Pakistan Stock Exchange(PSX) on Thursday witnessed a bearish trend and the benchmark KSE-100 index shed 164 points or 0.38 per cent to close at 42,819.72 points. The KSE-30 shares Index shed 53.48 points, or 0.34 per cent to close at 15,763.26 points.

As many as 346 scrips were active of which 103 advanced, 221 declined and 22 remained unchanged.

The ready market volumes stood at 181.22 million shares, compared with the turnover of 186.70 million shares in the last trading session.

The companies which reflected the highest gains included Sapphire Fiber up Rs80.31 to close at Rs1,153.31/share, and Sapphire Textile up Rs76.85 to close at Rs1,102.18/share.

The companies which reflected the most losses included Rafhan Maize down Rs350 to close at Rs9,650.01/share, and Nestle Pakistan down Rs145 to close at Rs5,755/share.

The highest volumes were witnessed in Bankislami Pakistan with a turnover of 17.13 million shares. The scrip gained 69 paisas to close at Rs13.92/share, followed by Unity Foods with a turnover of 11.59 million shares. It shed 99 paisas to close at Rs17.37/share. Telecard Limited remained the third with a turnover of 11.54 million shares. It gained 12 paisas to close at Rs10.19/share.

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