Business

PSX loses 151.66 points to close at 48480

PSX loses 151.66 points to close at 48480

PSX loses 151.66 points to close at 48480.

The KSE 100-index of the Pakistan Stock Exchange (PSX) Wednesday lost 151.66 points.

PSX loses 151.66 points to close at 48480

It came with a negative change of 0.31 percent, closing at 48,480.90 points against 48,632.56 points on the last working day.

A total of 936,655,049 shares valuing Rs 22.405 billion were traded during the day as compared to 1,224,569,852 shares of Rs 28.170 billion the previous day.

As many as 388 companies transacted shares in the stock market, 160 of them recorded gain and 206 sustained losses whereas the share price of 22 remained unchanged.

The three top traded companies were K-Electric Ltd, with the volume of 114,968,500 shares and price per share of Rs 4.47, WorldCall Telecom with the volume of 87,346,500 and price per share of Rs 3.84 and Byco Petroleum with the volume of 63,181,000 and price per share of Rs12.86.

Pak Tobacco Company witnessed maximum increase of Rs 60 per share, closing at Rs 1,370 whereas Wyeth Pak Ltd was runner up with Rs 46.57 rise in share prices to close at Rs 2,243.38.

Nestle Unilever Foods recorded a maximum decrease of Rs 250 per share price, closing at Rs 16,550, followed by Rafhan Maize, whose share prices reduced by Rs 234.55 per share to close at Rs 9,455.45.

Meanwhile, Finance Minister Shaukat Tarin hailed allocation of a huge amount in the ‘Ehsas Programme.’

It aims to provide health facilities to the school children belonging to the low income families.

While talking to a private news channel, he said for the first time the government has presented an overall growth-oriented budget.

He further said the government has given incentives to exporters and exemption in duties to local industry.

He said the government is taking maximum measures to provide relief to common man and ensure not to burden the poor.

Moreover, Shaukat Tareen said the government will keep petroleum levies intact to control the prices.

GTV

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