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PSX: Bears color the bourse red on week’s 4th trading day!

KARACHI: Benchmark KSE-100 Index closed in the red at 43,680 shedding 416 points on the week’s 4th trading day.

Rs. 9.5b worth of 246m shares were traded today. Value of the shares of 224 companies plummeted, 118 augmented while 18 remained stagnant.

Cement, Banking and Food Sectors led the trade today with 35.7m, 24.7m and 24m shares respectively.  Today’s top five traders of shares were: Bank of Punjab 16.6m shares (-4.52pc); Fauji Foods Ltd., 16.1m shares (+4.96pc); Unity Foods Ltd., 14.1m shares (+4.79pc); TRG Pak Ltd., 13.3m shares (-3.84pc); Azgard Nine,  13.3m shares (+5.18pc).

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.