The Pakistan stock market continued its downward trend for the third day in a row and the RKSE-100 index fell from 47,300 points to 47,200 points, while the market capitalization declined further by Rs 32 billion. The market remained bearish on Wednesday, with business activity under pressure and the KSE-100 Index fell by 98.24 points at the end of trading, taking the index from 47346.16 points to 47247.92 points. The KSE-30 Index declined by 31.79 points from 19004.84 points to 18973.05 points while the KSE All Shares Index fell from 32466.41 points to 32339.28 points.
Due to the business downturn, the market capitalization decreased by Rs. 32.47 billion, which reduced the total volume of capital from Rs. 82.94 billion to Rs. 82.61 billion. A total of 41.22 million shares worth Rs 14 billion were traded while 541.37 million shares worth Rs 17 billion were traded on Tuesday.
A total of 412 companies traded on the Pakistan Stock Exchange on Wednesday, out of which 172 companies witnessed gains, 222 companies witnessed losses and 18 companies witnessed gains. PL Corporation Limited topped the list with 22 million shares, Unity Foods Limited with 16.6 million shares and Haskol Petrol with 16.1 million shares.
In terms of price volatility, Rafhan Meez's share price rose by Rs 249.00 to Rs 9,899.00. Shares of Unilever Foods fell by Rs 245.00 to Rs 15,555.00, while shares of Pak Tobacco fell by Rs 98.34 to Rs 1,321.65.