Islamabad

PSX stays bearish, sheds over 1, 463 points


Islamabad: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with a bearish trend on Tuesday, losing 1, 463. 60 points, a negative change of 0. 81 percent, to close at 179, 846. 68 points against 181, 310. 28 points recorded in the previous trading session.



The ready market witnessed a trading volume of 860. 262 million shares, compared to 917. 269 million shares traded in the previous session, while the traded value decreased to Rs38. 862 billion from Rs44. 806 billion. Market capitalisation fell to Rs20. 142 trillion from Rs20. 258 trillion recorded a day earlier.



Out of 493 companies that traded in the ready market, 148 posted gains, 311 suffered losses, while 34 remained unchanged, reflecting a bearish trend across the market.



Cnergyico PK led the volume chart with 133. 907 million shares, followed by K-Electric Limited with 61. 849 million shares and Hascol Petroleum with 45. 032 million shares.



Among the top gainers, Unilever Pakistan Foods Limited surged by Rs89. 50 to close at Rs25, 389. 50, while Rafhan Maize Products Company Limited advanced by Rs66. 35 to settle at Rs9, 300. 00.



On the losing side, PIA Holding Company LimitedB declined by Rs496. 73 to close at Rs17, 351. 67, while Sazgar Engineering Works Limited fell by Rs42. 85 to Rs1, 882. 27.



In the futures (DFC) market, turnover stood at 193. 741 million shares with a traded value of Rs9. 703 billion, compared with 242. 364 million shares worth Rs12. 361 billion in the previous session.



Of the 317 companies traded in the DFC market, 70 advanced, 243 declined and four remained unchanged.