Bears eat up 202.48 points at PSX

The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Wednesday, losing 202.48 points, a negative change of 0.51 percent, closing at 39,879.89 points against 40,082.37 points the previous day. A total of 108,795,600 shares were traded during the day as compared to 87,215,381 shares the previous day, whereas the price of shares stood at Rs3.212 billion against Rs3.312 billion on the last trading day. As many as 319 companies transacted their shares in the stock market; 79 of them recorded gains and 203 sustained losses, whereas the share price of 37 companies remained unchanged. The three top-trading companies were Telecard Limited with 12,447,500 shares at Rs7.90 per share; WorldCall Telecom with 9,398,662 shares at Rs1.18 per share and Pakistan Alumin with 7,638,000 shares at Rs37.82 per share. Khyber Textile witnessed a maximum increase of Rs25.79 per share price, closing at Rs369.70, whereas the runner-up was Shield Crop.with an Rs20.89 rise in it’s per share price to Rs304.00. Unilever Foods witnessed a maximum decrease of Rs497.67 per share closing at Rs18002.33; followed by Nestle Pakistan with Rs130.20 decline to close at Rs5103.50.