ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued the bearish trend on Friday while losing 108.91 points with a negative change of 0.15 percent. At close the index settled at 73,754.02 points against 73,862.93 points last day.
On Friday, 559,550,615 shares valuing Rs20.208 billion were traded against the previous day’s shares of 352,738,992 worth Rs12.312 billion.
In total, 441 companies traded their shares in the stock market, 180 of them recorded gains, 200 met losses, whereas the share price of 61 companies remained unchanged.
Top Three Companies in Pakistan Stock Exchange
Pervez Ahmed Co remained the volume leader among the top-three trading companies with 78,926,466 shares at Rs 1.50 per share, followed by Fauji Cement with 34,397,313 shares at Rs 22.79 per share whereas WorldCall Telecom settled with 28,267,820 shares at Rs 1.32 per share.
Sapphire Fibers Limited registered a maximum increase of Rs 62.21 per share price closing at Rs 1,449.41 whereas Hoechst Pakistan Limited settled as the runner-up with an increase of Rs 38.33 per share price to Rs 1,400.00.
Rafhan Maize Products Limited recorded a maximum decline of Rs 299.40 per share to close at Rs 7,587.05, followed by Nestle Pakistan Limited with a fall of Rs 292.91 to close at Rs 6,995.33.
During the last six to seven months, the 100-index swung both ways, with a major bullish flow particularly in May 2024 witnessing a number of records on high, by getting about 60% in the last 8 months including the last one.
Earlier, the market achieved the historic 66000 mark in December 2023, followed by some bearish momentum. In March 2024, however, the market bounced back to surpass the 67,000 mark followed by the 70,000 mark in early April.
