ISLAMABAD: The Pakistan Stock Exchange (PSX) closed with a negative trend on Wednesday, with the benchmark 100-index shedding 310.21 points, or 0.32%, to settle at 95,546.45.
The market recorded a day of unpredictability, with the index touching a high of 96,711.33 and a low of 95,311.97 during the trading session.
During the trading session on Tuesday Pakistan Stock Exchange (PSX) touched an all-time high of 96,000 benchmarks in intraday trade.
On Wednesday a total of 1,138,411,946 shares were entertained as compared to 830,931,008 shares the previous trading day, whereas the price of shares stood at Rs 37.481 billion against Rs. 30.019 billion on the last trading day.
As many as 456 companies transacted their shares in the stock market, 156 of them witnessed gains and 251 met losses, whereas the share price of 49 companies remained unchanged.
The three top trading companies were K-Electric Limited with 174,389,145 shares at Rs 5.22 per share followed by Hascol Petrol with 63,973,243 shares at Rs 11.26 per share whereas Kohinoor Spinning settled with 62,996,737 shares at Rs.9.98 per share.
Colgate Palmolive (Pakistan) Limited registered a maximum increase of Rs.101.90 per share price, closing at Rs 1,480.88, whereas Nestle Pakistan Limited was the runner-up with Rs 91.17 rise in its per share price to Rs 6,691.17.
Pakistan Services Limited witnessed a maximum decline of Rs 44.72 per share closing at Rs 802.67 followed by Services Industries Limited with a decrease of Rs 39.48 to close at Rs 1,179.99
The stock market saw strong performances on Wednesday in key sectors such as banking, technology and energy. Sectors, including cement, banking, fertiliser, oil and gas exploration, oil marketing, and power generation also remained in the limelight.
Investor sentiment improved in the market after Finance Minister Mohammad Aurangzeb assured that the recent visit of the International Monetary Fund (IMF) to Pakistan posed no threat to Pakistan’s $7 billion loan programme.
