Pakistan Stock Exchange Loses 273 Points with Bearish Trend

Tue Feb 28 2023
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Staff Report

ISLAMABAD: Pakistan Stock Exchange (PSX) 100-index witnessed bearish trend on Tuesday while losing 273.76 points with a negative change of 0.67 percent, closing at 40,510.37 points compared to 40,784.13 points on Monday.

On Tuesday, a total of 126,319,112 shares were transacted against 158,084,396 shares on last trading day, while the price of shares stood at Rs.5.648 billion compared to Rs.5.718 billion on Monday.

Bearish Trend at Pakistan Stock Exchange

As many as 334 companies traded their shares in the stock market, 82 of them experienced gains and 234 witnessed, while the share price of 18 companies were recorded without change.

The three top-trading companies were WorldCall Telecom, Oil and Gas Dev. and TPL Properties 18,527,406 shares at Rs.1.29 per share, 5,333,028 shares at Rs.82.62 per share, and with 4,479,369 shares at Rs.14.93 per share respectively.

Unilever Foods witnessed a maximum appreciation of Rs.1,542.50 per share price, closing at Rs.22,500.00, whereas the runner-up was Pak Services with an increase of Rs.130.00 in its per share price to Rs.2,095.00.

Rafhan Maize experienced a maximum decline of Rs.288.00 per share closing at Rs. 8,700.00; followed by Sapphire Tex. with a decrease of Rs.78.46 to close at Rs.1,006.00.

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