The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Wednesday, losing 1,632.25 points, a negative change of 0.98 percent, to close at 164,626.29 points compared to 166,258.55 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 619,628,014 shares with a traded value of Rs 29.252 billion, against 687,962,358 shares valuing Rs 38.468 billion in the previous session. Market capitalization decreased to Rs 18.668 trillion from Rs 18.811 trillion a day earlier. Out of 483 active companies in the ready market, 143 advanced, 278 declined, and 62 remained unchanged.
K-Electric Limited topped the volume chart with 99,786,190 shares, followed by Cnergyico PK with 70,330,560 shares and F. Nat. Equities with 33,421,278 shares. The top gainers included Nestle Pakistan Limited, which rose by Rs 75.21 to close at Rs 7,979.50, and Premium Textile Mills Limited, which gained Rs 43.10 to settle at Rs 489.60.
On the losing side, PIA Holding Company LimitedB declined by Rs 586.33 to close at Rs 16,141.00, while Khyber Textile Mills Limited fell by Rs 95.89 to close at Rs 1,490.47. In the futures market, turnover stood at 514,774,000 shares with a traded value of Rs 23.879 billion, compared to 354,134,500 shares worth Rs 22.297 billion in the previous session.
Out of 345 futures-market companies, 68 recorded gains, 272 declined, while 5 remained unchanged.