Pakistan Stock Exchange Loses 213.75 Points Amid Bearish Trend

Mon Apr 10 2023
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ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) went down by 213.75 points on Monday with a negative change of 0.53 percent and closed at 39,835.90 points compared to 40,049.65 points the last trading day.

On Monday, a total of 105,892,904 shares were transacted during the day as compared to 135,135,452 shares on Friday, whereas the price of shares stood at Rs 1.835 billion compared to Rs 3.201 billion on the previous trading day.

Bearish Trend at Pakistan Stock Exchange

As many as 341 companies traded their shares in the stock market, 134 of them recorded gains and 186 sustained losses where the nature of the market prevailed with a bearish trend, and most of the major companies abstained from moving ahead. Meanwhile, the share price of 21 companies were closed without a change.

The three top-trading companies were WorldCall Telecom, with 34,131,174 shares at Rs 1.19 per share, JS Bank Ltd., with 10,396,500 shares at Rs 4.46 per share, and K-Electric with 5,622,178 shares at Rs 2.01 per share.

Khyber Textile witnessed a maximum increase of Rs 39.80 per share price, closing at Rs 570.52, whereas the runner-up was Murree Brewery, with a Rs 14.85 rise in its per share price to Rs 334.85.

Sapphire Fiber witnessed a maximum decrease of Rs 75.55 per share, closing at Rs 942.33, followed by Pak Services, with a Rs 66.06 decline to close at Rs 825.55.

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