PSX loses over 347 more points

ISLAMABAD : The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Tuesday, losing 347.97 points, a negative change of 0.21 percent, to close at 164,776.44 points against 165,124.41 points recorded in the previous trading session.

The ready market witnessed a trading volume of 383.746 million shares, compared to 362.954 million shares traded in the previous session, while the traded value decreased to Rs13.104 billion from Rs14.507 billion.

Market capitalisation declined to Rs18.325 trillion from Rs18.359 trillion recorded a day earlier.

Out of 500 companies that traded in the ready market, 223 posted gains, 226 suffered losses, while 51 remained unchanged, reflecting a bearish trend in the market.

LSE Financial (R) led the volume chart with 32.283 million shares, followed by Waves Home App with 21.848 million shares and WorldCall Telecom with 19.528 million shares.

Among the top gainers, Khairpur Sugar Mills Limited advanced by Rs66.97 to close at Rs886.99, while Fateh Industries Limited surged by Rs34.89 to settle at Rs383.83.

On the losing side, Unilever Pakistan Foods Limited declined by Rs235.50 to close at Rs25,027.00, while PIA Holding Company Limited B fell by Rs200.00 to Rs14,000.00.

In the futures (DFC) market, turnover stood at 106.801 million shares with a traded value of Rs8.948 billion, compared with 97.870 million shares worth Rs7.623 billion in the previous session.

Of the 326 companies traded in the DFC market, 148 advanced, 170 declined, and 8 remained unchanged.

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