Stock market sheds 50.34 points

ISLAMABAD - The 100-index of the Paki­stan Stock Exchange (PSX) witnessed a bearish trend on Thursday as it lost 50.34 points and closed at 45,757.23 points against 45,807.58 of the previous trading day, showing a de­cline of 0.11 percent. A total of 177,062,657 shares were traded during the day as compared to the last day’s 139,710,712, whereas the trading value of shares was recorded at Rs7.581 bil­lion against Rs4.813 billion on the last trading day. As many as 320 companies transacted their shares in the stock market, out of which 139 gained and 159 sustained losses, whereas the share price of 22 compa­nies remained unchanged. The three top-trading com­panies were Pak Petroleum with 13,140,382 shares at Rs69.980 per share; WorldCall Telecom with 10,994,899 shares at Rs1.15 per share and Kot Addu Power with 10,981,843 shares at Rs25.97 per share. Pak Tobacco witnessed a maximum increase of Rs37.00 per share price, closing at Rs707.00, where­as the runner-up was Reli­ance Cotton with Rs36.75 rise in its per share price to Rs526.75. Lucky Cement witnessed a maximum de­crease of Rs15.04 per share closing at Rs538.47, fol­lowed by Khyber Tobacco with a Rs11.61 decline to close at Rs344.38.

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