The benchmark KSE 100-index of the Pakistan Stock Exchange (PSX) saw a bearish trend on Wednesday, shedding 348.49 points with a negative change of 0.75 percent, as it closed at 46,194.42 points against 46,542.91 points during the previous session.
A total of 238,493,279 shares were traded during the day compared to the trade of 243,193,208 shares the previous day whereas the price of shares stood at Rs10.124 billion against Rs10.432 billion the previous day.
As many as 343 companies traded shares in the stock market, 83 of them recorded gain and 241 sustained losses whereas the share price of 19 companies remained unchanged.
Among the top three trading companies were Services Fabrics led the chart with a volume of 18,935,000 shares and price per share of Rs11.94, followed by TRG Pak Ltd with a volume of 15,965,296 and price per share of Rs120.67 and Ghani Glo Hol with the volume of 13,965,500 and price per share of Rs31.65.
Sapphire Fiber saw a maximum increase of Rs44.50 per share, as it closed at Rs840 whereas the runner-up was Systems Limited with a share price that climbed up by Rs20.71 to Rs818.09.
The share of Gatron Ind saw a minimum decrease of Rs39.73 as it closed at Rs490.07 followed by Murree Brewery XD, the share price of which dropped by Rs35.40 to close at Rs464.60.
As per the National Clearing Company of Pakistan Limited (NCCPL) foreign investors were net sellers worth $5.51 million worth of shares.
As far as local investors are concerned, Companies and Banks were net sellers worth $5.24 million and $0.28 million shares respectively. Whereas Individuals and Insurance Companies led the buying chart mopping up $5.08 million and $2.95 million worth of equities.
