Bears continue to dominate amid dull trading

Published
1

Bears continued to dominate the Pakistan Stock Exchange (PSX) on Wednesday, with the benchmark KSE-100 index losing 158 points in one of the dullest trading sessions in recent months.

The index oscillated from the day's high of 42,580 points to a low of 42,199 before closing at 42,301 points on Wednesday.

"Market participation in terms of traded value dropped to a 149-session low to Rs2.9bn. A similar situation was witnessed last on Dec 18, 2017 with value of Rs2.6bn," Topline Research noted.

In all, only 77.5 million shares worth Rs2.9 billion were traded at the exchange, with volumes lower by around 100m. Of the 332 scrips traded, 131 advanced, 174 declined and 27 remained unchanged.

Commercial banks dominated the exchange with 12.8m shares traded.

Volumes were led by:

  1. Faysal Bank Limited: 5.1m shares traded [-0.77pc];

  2. First Dawood Investment Bank Ltd: 3.9m shares traded [-6.73pc];

  3. Unity Foods Limited: 3.8m shares traded [-2.88pc];

  4. Engro Polymer and Chemicals Ltd: 3.5m shares traded [-0.89pc];

  5. Bank Of Punjab: 3.4m shares traded [-1.55pc].

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...