Karachi (Staff Report): Bearish trend witnessed at the Pakistan Stock Exchange (PSX) on Thursday as the benchmark KSE 100-share Index shed 485.76 points or 1.14% to settle at 41,960.80.
Overall, trading volumes decreased to 142.2 million shares compared with Wednesday’s tally of 145.3 million. The value of shares traded during the day was Rs7.2 billion.
Shares of 375 companies were traded. At the end of the day, 77 stocks closed higher, 278 declined while 20 remained unchanged.
Descon Oxychem was the volume leader with 8.9 million shares, gaining Rs0.52 to close at Rs22.97. It was followed by Pak Elektron with 8.85 million shares, losing Rs1.76 to close at Rs34.61 and The Bank of Punjab with 6.7 million shares, losing Rs0.23 to close at Rs11.26.
