KARACHI – The Pakistan Stock Exchange (PSX) witnessed losses for second consecutive day as KSE-100 index has plunged by 60.28 points points amid rising selling pressure despite a successful deal with the International Monetary Fund (IMF) for $7 billion loan.
The KSE-100 benchmark stood at 81,597.68 points as compared to previous day’s closing of 81,657.96 points. As the marked opened, it registered gain as it reached 81,737.60 points mark but it soon reversed after sellers dominated the market.
Total 67,914,846 shares were traded with total value standing at Rs2,284,532,694.
A day earlier, the 100-Index turned around to bearish trend on Thursday, losing 589.95 points, a negative change of 0.72 percent, closing at 81,657.97 points against 82,247.92 points on the last working day.
A total of 423,942,319 shares were traded during the day as compared to 422,163,158 shares the previous trading day, whereas the price of shares stood at Rs 17.671 billion against Rs.18.380 billion on the last trading day.
As many as 444 companies transacted their shares in the stock market, 125 of them recorded gains and 263 sustained losses, whereas the share price of 56 companies remained unchanged.
The three top trading companies were PIA Holding Company with 36,327,627 shares at Rs20.91 per share, WorldCall Telecom with 33,114,742 shares at Rs 1.23 per share and Kohinoor Spinning with 25,821,689 shares at Rs 8.28 per share.
Sapphire Textile Mills Limited witnessed a maximum increase of Rs 108.85 per share price, closing at Rs 1,257.62, whereas the runner-up was Hallmark Company Limited with Rs 93.39 rise in its per share price to Rs 1,027.29. Unilever Pakistan Foods Limited witnessed a maximum decrease of Rs 254.31 per share closing at Rs 1,7145.00 followed by Sapphire Fibres Limited with Rs 119.90 decline to close at Rs 9,855.544.
