KARACHI: The Pakistan Stock Exchange continued to close negative on Thursday as the benchmark KSE 100-share Index recorded a decrease of 354.57 points or 0.85% to settle at 41,266.39.
Unity Foods, Fauji Foods and Matco Foods all hit their lower price limits as they lost 5% of their value.
By the day’s close, mainboard cement stocks faced institutional selling with Lucky Cement (-2.7%) and DG Khan Cement (-4.8%) being the main laggards of the sector and cumulatively erasing 65 points from the KSE-100 index.
Habib Bank (+1.2%) and United Bank (+1.5%) posted gains and cumulatively added 52 points to the benchmark index.
Overall, trading volumes increased to 159.7 million shares compared with Wednesday’s tally of 126.9 million. The value of shares traded during the day was Rs4.9 billion.
Shares of 373 companies were traded. At the end of the day, 82 stocks closed higher, 276 declined while 15 remained unchanged.
The Bank of Punjab was the volume leader with 43.3 million shares, gaining Rs0.32 to close at Rs11.96. It was followed by Ghani Auto (R) with 10.1 million shares, gaining Rs0.76 to close at Rs0.77 and Engro Polymer with 6.7 million shares, gaining Rs0.18 to close at Rs33.31.
