ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Monday, losing 330.66 points amid political instability in the country.
On the first day of the week, PSX closed with a negative change of 0.80 percent at 40,970.82 against 41,301.48 points on the last working day.
During the day, 142,576,639 shares were traded against 139,659,870, whereas the price of shares stood at Rs 3.811 billion compared to Rs 4.167 billion on the last trading day.
Political instability and Pakistan Stock Exchange
The PSX has experienced a couple of bearish trends due to the ongoing political instability in the country. A couple of days before PSX-100 index lost over 600 points.
On Monday, about 317 companies transacted their shares in the stock market, where 82 recorded gains and 220 experienced losses, while the share price of 15 companies remained unchanged.
The three trading companies remained on top, comprising Bank Al-Falah with 29,018,337 shares at Rs 30.68 per share, WorldCall Telecom with 12,444,055 shares at Rs 1.23 per share while Hascol Petrol with 9,454,500 shares at Rs 6.09 per share.
Meanwhile, Pak Services experienced a maximum increase of Rs 98 per share price, closing at Rs 1548, while Sapphire Fiber sustained as runner-up with a Rs 55 rise in its per share price to Rs 1270.
Rafhan Maize witnessed a decrease of Rs 591 per share, closed at Rs 8165.00, followed by Nestle Pakistan with a Rs 140.72 decrease and closed at Rs 5340.28. – APP
