The Pakistan Stock Exchange (PSX) experienced a bearish trend on Wednesday, with the benchmark KSE-100 index shedding 831.13 points, a decline of 0.49 percent, to close at 170,190.64 points. This compared to the previous trading day's close of 171,021.77 points, according to PSX data.
Market Activity
During the session, the ready market recorded a trading volume of 551.946 million shares, with a total traded value of Rs23.759 billion. This was slightly higher in volume but lower in value compared to the previous session, which saw 550.790 million shares traded worth Rs27.444 billion. The market capitalization decreased to Rs18.864 trillion from Rs18.940 trillion a day earlier.
Advancers and Decliners
Out of 491 active companies in the ready market, 183 advanced, 267 declined, and 41 remained unchanged. Treet Battery Ltd. topped the volume chart with 46.643 million shares traded, followed by Dewan Cement with 33.760 million shares and Sitara Petroleum with 25.239 million shares.
Top Gainers and Losers
Among the top gainers, PIA Holding Company Limited B saw a significant increase of Rs376.00 to close at Rs17,988.00. The Thal Industries Corporation Limited gained Rs90.52 to settle at Rs1,022.24. On the losing side, Khairpur Sugar Mills Limited declined by Rs240.51 to close at Rs2,164.61, while Unilever Pakistan Foods Limited fell by Rs137.97 to close at Rs25,862.03.
Futures Market
In the futures market, 310 companies were traded, of which 67 recorded gains, 241 declined, and 2 remained unchanged, according to PSX data.
In other news, the Competition Commission of Pakistan (CCP) has approved the proposed acquisition of the LCO2 plant of Pakistan Oxygen by Pak Arab Fertilizers. Additionally, Discos have been directed to initiate disciplinary proceedings against worst-performing officers.
