KARACHI: Pakistan Stock Exchange on Wednesday witnessed a bearish trend and closed in red zone with heavy losses as investors opted to book profits on available margins.
The benchmark KSE-100 Index plunged by 419.31 points or 0.86 percent and closed at 48.146.44 points. The index hit 48.614.47 points intra-day high and 48,108.88 points intra-day low level.
Trading activity remained thin as total daily volumes on ready counter decreased to 194.576 million shares as compared to 251.692 million shares traded on Tuesday while total daily traded value on ready counter declined to Rs 7.670 billion against previous session’s Rs 9.038 billion.
BRIndex100 decreased by 52.18 points or 1.06 percent to close at 4,881.49 points with total daily turnover of 174.862 million shares.
BRIndex30 declined by 274.18 points or 1.57 percent to close at 17,162.79 points with total daily trading volumes of 112.664 million shares.
The market capitalization declined by Rs 71 billion to Rs 7.179 trillion. Out of total 339 active scrips, 227 closed in negative and only 88 in positive while the value of 24 stocks remained unchanged.
K-Electric was the volume leader with 19.296 million shares however lost Rs 0.08 to close at Rs 2.28 followed by Dewan Motors that increased by Rs 1.06 to close at Rs 15.14 with 14.109 million shares. OGDC declined by Rs 2.99 to close at Rs 98.28 with 10.957 million shares.
Bata Pak and Reliance Cotton were the top gainers increasing by Rs 44.00 and Rs 25.79 respectively to...
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