HomeBusinessPSX witnesses bearish trend, loses 1,379 points

PSX witnesses bearish trend, loses 1,379 points

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ISLAMABAD, Apr 9 (APP): The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Wednesday, losing 1,379.28 points, a negative change of 1.19 percent, closing at 114,153.16 points as compared to 115,532.43 points on the last trading day.

A total of 448,693,567 shares were traded during the day as compared to 530,694,779 shares the previous trading day, whereas the price of shares stood at Rs26.585 billion against Rs33.676 billion on the last trading day.

As many as 450 companies transacted their shares in the stock market, 118 of them recorded gains and 281 sustained losses, whereas the share price of 51 companies remained unchanged.

The three top trading companies were K-Electric Limited with 54,549,738 shares at Rs 4.21 per share, Cnergyico PK with 51,834,762 shares at Rs8.32 per share and PIA Holding Company 20,463,930 shares at Rs 18.80 per share.

Philip Morris (Pakistan) Limited witnessed a maximum increase of Rs 118.82 per share closing at Rs 1,307.02 whereas runner-up was PIA Holding Company LimitedB with Rs 97.76 rise in its share price to close at Rs 1,102.34.

Hoechst Pakistan Limited witnessed a maximum decrease of Rs 134.31 per share price, closing at Rs 3,055.69, whereas the runner-up was Services Industries Limited with Rs 60.23 decline in its per share price to Rs 923.40.

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