*KARACHI: The Pakistan Stock Exchange (PSX) today, Wednesday observed adownwards trend as KSE-100 index fell by 596.03 points (1.67 percent)in-turn closing at 35, 035.03 points.*
A total of 113,235,730 shares were traded in the market today; the value ofshares traded in the day stood at Rs 4.559 billion PKR.
Share prices of 38 companies out of 328 whose shares were up for tradingobserved an upwards trend while 281 companies registered a visible decline.
Nine companies of the 328 registered stable trends.
The highest ranking traders were, K-Electric Limited with a share volume of16,775,000 and price per share of Rs 4.20, Sui Northern Gas (SNGC) with avolume of 5,729,500 shares and price per share of Rs 68.59 and Maple Leafwith a volume of 5,203,000 shares and price per share of Rs 24.37.
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Colgate Palmolive registered trends with an upwards trajectory which were avisible advancement from their previous ratings registering an increase ofRs 110.09 per share, closing at Rs 2311.94 while Faisal Spinning came in aclose second with an increase of Rs 12.02 per share, closing at Rs 252.55.
Companies whose stocks fell the most in today’s trends were, Rafhan MaizeXD with a decrease of Rs.340 per share, closing at Rs 6510 andPhilip-Morris Pakistan showing a decrease of Rs 183.50 per share closing atRs 3486.50.
