PSX witnesses bearish trend, loses over 453 points

ISLAMABAD: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) remained bearish on Monday, losing 453.63 points, a negative change of 0.27 percent, to close at 165,966.09 points against 166,419.72 points recorded in the previous trading session.

The ready market witnessed a trading volume of 370.941 million shares, compared to 396.904 million shares traded in the previous session, while the traded value increased to Rs19.562 billion from Rs18.679 billion. Market capitalisation declined to Rs18.427 trillion from Rs18.536 trillion recorded a day earlier.

Out of 499 companies that traded in the ready market, 163 posted gains, 302 suffered losses, while 34 remained unchanged, reflecting a bearish trend in the market.

Pak Refinery led the volume chart with 52.931 million shares, followed by Cnergyico PK with 35.789 million shares and TPL Trakker Limited with 14.356 million shares.

Among the top gainers, Khairpur Sugar Mills Limited surged by Rs118.04 to close at Rs1,298.40, while Pakistan Engineering Company Limited advanced by Rs71.10 to settle at Rs782.11.

On the losing side, PIA Holding Company Limited B declined by Rs366.67 to close at Rs14,199.66, while Unilever Pakistan Foods Limited fell by Rs142.58 to Rs25,407.42.

In the futures (DFC) market, turnover stood at 97.465 million shares with a traded value of Rs7.644 billion, compared with 118.033 million shares worth Rs6.678 billion in the previous session.

Of 296 companies traded in the DFC market, 91 advanced, 201 declined and 04 remained unchanged.

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