PSX plunges over 1,600 points

ISLAMABAD: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Friday, losing 1,612.55 points, a negative change of 1.06 percent, closing at 150,398.71 points against 152,011.26 points on the last trading day, according to PSX data.

During the session, the ready market recorded a trading volume of 471.943 million shares with a traded value of Rs 24.644 billion, compared to 352.272 million shares valuing Rs 19.512 billion in the previous session. The market capitalization declined to Rs 16.725 trillion from Rs 16.883 trillion a day earlier.

Out of 483 active companies in the ready market, 132 advanced, 279 declined, and 72 remained unchanged. Cnergyico PK topped the volume chart with 97.208 million shares, followed by WorldCall Telecom with 28.342 million shares and Pak Refinery with 24.216 million shares.

The top gainers included Unilever Pakistan Foods Limited, which increased by Rs 74.01 to close at Rs 25,168.06, and Attock Refinery Limited, which gained Rs 48.26 to settle at Rs 864.56.

On the losing side, PIA Holding Company LimitedB declined by Rs 469.69 to close at Rs 14,547.81, while Bhanero Textile Mills Limited fell by Rs 61.26 to close at Rs 745.47.

In the futures market, turnover stood at 118.938 million shares with a traded value of Rs 7.007 billion, compared to 82.068 million shares worth Rs 5.371 billion in the previous session. Out of 311 futures-market companies, 65 recorded gains while 241 declined and 5 remained unchanged. APP