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PSX witnesses bearish trend, loses 1,578 points

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The 100-index of the Pakistan stock exchange (PSX) witnessed bearish trend on Monday losing 1,578.70 points, a negative change of 1.97 percent, closing at 78,539.19 points against 80,117.89 points on the last working day.

A total of 375,599,184 shares were traded during the day as compared to 479,000,434 shares the previous day, whereas the price of shares stood at Rs 19.350 billion against Rs 27.851 billion on the last trading day.

Around 446 companies transacted their shares in the stock market, 80 of them recorded gains and 319 sustained losses, whereas the share price of 47 companies remained unchanged.

The three top trading companies were K-Electric Limited with 33,441,470 shares at Rs 4.41 per share, Pak Elektron with 23,559,106 shares at Rs 26.59 per share and PIA Housing Company with 19,205,471 shares at Rs 17.02 per share.

JDW Sugar Mills Limited witnessed a maximum increase of Rs 26.51 per share price, closing at Rs 544.99, whereas the runner-up was Sapphire Textile Mills Limited with a Rs 12.72 rise in its per share price to Rs 1,369.92.

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