PSX plunges over 4,800 points
ISLAMABAD: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a strong bearish trend on Monday, losing 4,864.54 points, a negative change of 3.21 percent, closing at 146,842.97 points against 151,707.52 points on the last trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 529.130 million shares with a traded value of Rs 29.603 billion, compared to 435.513 million shares valuing Rs 23.989 billion in the previous session. The market capitalization declined to Rs 16.327 trillion from Rs 16.885 trillion a day earlier.
Out of 481 active companies in the ready market, 51 advanced, 379 declined, and 51 remained unchanged.
K-Electric Limited topped the volume chart with 56.526 million shares, followed by Bank of Punjab with 35.921 million shares and Dost Steels Limited with 31.661 million shares.
The top gainers included Blessed Textiles Limited, which increased by Rs 79.91 to close at Rs 879.01, and Shahmurad Sugar Mills Limited, which gained Rs 22.76 to settle at Rs 392.76.
On the losing side, PIA Holding Company LimitedB declined by Rs 704.78 to close at Rs 15,500.00, while Unilever Pakistan Foods Limited fell by Rs 628.50 to close at Rs 23,952.50.
In the futures market, turnover stood at 109.897 million shares with a traded value of Rs 7.123 billion, compared to 524.520 million shares worth Rs 19.587 billion in the previous session. Out of 311 futures-market companies, 8 recorded gains while 303 declined. APP
