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Stocks slide by 255 points

The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Tuesday, losing 255.57 points, with negative change of 0.55 percent, closing at 45,817.68 points against 46,073.25 points on the last working day.

A total of 210,202,385 shares, valuing Rs6.226 billion, were traded during the day compared to the trade of 368,830,284 shares worth Rs9.663 billion the previous day.

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As many as 324 companies transacted shares in the stock market, 90 of them recorded gain and 211 sustained losses, whereas the share price of 23 companies remained unchanged.

The three top trading companies were G3 Technologies with a volume of 18,853,000 and price per share of Rs11.72, Lotte Chemical with a volume of 17,917,000 and price per share of Rs21.96 and Hum Network with volume of 14,295,500 and price per share of Rs8.26.

Nestle Pakistan witnessed a maximum increase of Rs149.99 per share, closing at Rs5,849.99 whereas the runner up was Bhanero Tex, the share prices of which climbed up by Rs100 to Rs1,470.

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Colgate Palm witnessed maximum decrease of Rs66.66, closing at Rs2,155.56 followed by Bata (Pak), the share price of which declined by Rs54.99 to close at Rs2,245.

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