PSX: Bears heard growling in the bourse!

KARACHI: KSE-100 Index closed in the red (42,301) shedding 158 points on the week’s third trading day.

Rs. 2.9b worth of 77.5m shares were traded today. Value of the shares of 174 companies plummeted, 131 augmented while 27 remained stagnant.

Today’s top five traders of the shares were Faysal Bank Ltd.,  5.1m shares (-0.77pc) – incidentally Commercial Banks Sector traded 12.8m shares; First Dawood Investment Bank Ltd., 3.9m shares (-6.73pc); Unity Foods Ltd., 3.8m shares (-2.88pc); Engro Polymer & Chemicals Ltd., 3.5m shares (-0.89pc); Bank Of Punjab, 3.4m shares (-1.55pc).

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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.