The benchmark KSE 100-index of the Pakistan Stock Exchange (PSX) turned bearish on Wednesday, losing 903.12 points, a negative change of 0.53 percent, closing at 169,427.44 points against 170,330.56 points on the last trading day.
Market Activity
During the session, the ready market recorded a trading volume of 791.636 million shares with a traded value of Rs25.484 billion, compared to 767.453 million shares valuing Rs27.176 billion in the previous session. The market capitalization declined to Rs18.848 trillion from Rs18.908 trillion a day earlier. Out of 488 active companies in the ready market, 191 advanced, 258 declined and 39 remained unchanged.
Volume Leaders
- TPL Properties topped the volume chart with 64.037 million shares
- TPL Corp Ltd followed with 40.648 million shares
- Telecard Limited with 40.410 million shares
Top Gainers and Losers
The top gainers included Sapphire Textile Mills Limited, which increased by Rs120.20 to close at Rs1,514.13, and Rafhan Maize Products Company Limited, which gained Rs102.76 to settle at Rs9,547.15. On the losing side, PIA Holding Company LimitedB declined by Rs1,212.00 to close at Rs17,178.00, while Sindh Abadgars Sugar Mills Limited fell by Rs31.71 to close at Rs374.30.
Futures Market
In the futures market, turnover stood at 132.666 million shares with a traded value of Rs4.494 billion, compared to 141.884 million shares worth Rs5.880 billion in the previous session. Out of 310 futures-market companies, 101 recorded gains while 207 declined and two remained unchanged, according to PSX data.
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