PSX Loses 365 Points as Selling Pressure Persists 

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Friday, losing 365.83 points to close at 81,292.13 points against 81,657.97 points on the last working day.  In a note, brokerage house Topline Securities said that KSE-100 Index largely remained in pressure during today’s trading session due to selling by foreign corporates over the last couple of trading session which is keeping the investor sentiment in check. A total of 339,323,128 shares were traded during the day as compared to 423,942,319 shares the previous trading day, whereas the price of shares stood at Rs 12.893 billion against Rs. 17.671 billion on the last trading day.   As many as 439 companies transacted their shares in the stock market, 129 of them recorded gains and 234 sustained losses, whereas the share price of 76 companies remained unchanged.  The three top trading companies were K-Electric Limited with 50,666,137 shares at Rs. 3.67 per share, WorldCall Telecom with 32,405,823 shares at Rs. 1.20 per share and Hub Power Company XD with 16,264,755 shares at Rs. 123.77 per share.  Hallmark Company Limited witnessed a maximum increase of Rs. 102.70 per share price, closing at Rs. 1,129.99, whereas the runner-up was RafhanMaize Products Company Limited with Rs. 92.46 rise in its per share price to Rs. 7,346.75.  Sapphire Textile Mills Limited witnessed a maximum decrease of Rs. 40.23 per share closing at Rs. 1,217.39 followed by Premium Textile Mills Limited with Rs. 29.00 decline to close at Rs .260.99.