KARACHI (WEB DESK )
Pakistan Stock Exchange (PSE) continued to rise on Thursday due to cautious behavior of investors, but the overall decline prevailed and the KSE-100 Index fell by 102.61 points to 45989.35 points. That 54.69% of the companies recorded a decline in share prices as a result of which investors sank Rs 14.98 billion in the market. The trading volume in the Pakistan Stock Exchange (PSE) on Thursday started trading in the positive zone and investors showed interest in buying shares in the oil and gas and banking sectors. The SE-100 Index reached a high of 46,271 points during the trading session. However, due to the profit-taking trend, the uptrend could not be sustained and the downtrend prevailed, as a result of which the index fell from a psychological level of 46,000 to a low of 45852 points. Similarly, the SE-30 Index lost 108.47 points to close at 19177.68 points and the KSE All Shares Index lost 20.54 points to close at 32043.64 points. A total of 437 companies traded on the day, out of which 183 companies witnessed increase in their share prices, 239 witnessed decrease in their share prices and 15 witnessed a stabilization in their share prices. Shares of Colgate-Palmolo rose by Rs 98.98 to Rs 3,198.98 and Pak Tobacco rose by Rs 42.98 to Rs 1,650 on the back of price fluctuations, while Nestle Pakistan fell by Rs 104.37 to Rs 6,630.63 and Raheen Meez fell by Rs 68 to Rs 9,782.