PSX’s investors dropped by 2.8% in FY2018

KSE-100 index down by 629 points

KARACHI: The number of investors in Pakistan Stock Exchange (PSX) dropped by 2.8 per cent in fiscal year 2017-18 alone as 6,995 stakeholders opted out of investment, when compared with the investor-count previous year.

Pakistan Stock Exchange (PSX) has lost an alarming number of investors in the five years prior to June 2018, as they came down from 318,565 investors in March 2013 to 238,763 investors by the end of Fiscal Year (FY18), marking a tragic loss of over 79,800 investors.

On Wednesday the PSX witnessed bearish trend as KSE-100 index plunged by 629.38 points (-1.68 percent) to close at 36,752.57 points. In overall 52,477 trades, a total of 172,862,800 shares were traded, whereas the value of shares traded during the day stood at Rs 4.913 billion.

Out of 357 companies, share prices of 68 companies recorded increase while 274 companies registered decrease whereas 15 companies remained stable in today’s trading.

Three top traded companies were Bank of Punjab XD with a volume of 51,481,000 and price per share of Rs 12.54, Unity Foods with a volume of 23,348,000 and price per share of Rs 95 and Maple Leaf with a volume of 6,787,000 and price per share of Rs 30.99.

The top advancer was Otsuka Pak with the increase of Rs 4.86 per share, closing at Rs 146.98 while Clover Pakistan was runner up with the increase of Rs 4.28 per share, closing at Rs 140.66.

The top decliners were Unilever Foods with the decrease of Rs 299 per share, closing at Rs 6500 and Nestle Pakistan with the decrease of Rs 296.50 per share closing at Rs 7602.50.