Majority of companies shed share prices at Pakistan Stock Exchange

By: News Desk
Published: 04:44 PM, 8 Dec, 2020
Majority of companies shed share prices at Pakistan Stock Exchange
Stay tuned with 24 News HD Android App
Get it on Google Play

The majority of companies shed their share prices as the Pakistan Stock Exchange remained in the negative zone and closed the day at 42,101.78 after losing 13.53 points.

At the onset, the index reached 42,233.96 with an over 115-point surge but an immediate tumble within first 40 minutes of starting trading meant that it had slid to the level of 41,948.35. However, there was a recovery, reducing the overall losses during the day to just over 13 points.

With an overall trading volume of 409,738,624 shares, the share prices of 201 companies were down and 137 up with no change in the value of 22.

Maple Leaf Cement led the chart of most active stocks after 31,696,370 shares were traded. It was followed by Fauji Foods and TRG Pakistan with 23,132,500 and 22,547,000 shares respectively.

On the other hand, the top three performers in terms of gains in share price were SME Leasing 18.29 percent, Telecard 10.87 percent and Popular Islamic Modaraba 10.35 percent.

Meanwhile, the worst decline in share prices was witnessed by the likes of Modaraba Al-Mali with a 12.18 percent cut followed by 12.07 percent in Trust Modaraba and 8.57 percent in Abdullah Shah Ghazi Sugar Mills.