Pakistan Stock Exchange Witnesses Bearish Trend, Loses 579 Points

Mon Jan 30 2023
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Staff Report

ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Monday, losing 576 points with a negative change of 1.43 percent, closing at 39,871.27 as compared to 40,450.53 points on the previous trading day.

Bearish Trend in the stock prevailed in the market soon after the news appeared on media regarding the tragic Peshawar blast, killing more than 30 people while about 150 were injured.

On Monday a total of 78,508,160 shares were traded against 191,327,163 shares on Friday, whereas the price of shares stood at Rs.4.611 billion as compared to Rs.7.119 billion on the last trading day.

Trading at Pakistan Stock Exchange

As many as 336 companies traded their shares in the market, 87 of them witnessed gains and 223 sustained losses, while the share price of 26 companies were closed without change.

The three top-trading companies were Pak Refinery, Cnergyico PK and EPCL with 21,142,838 shares at Rs 13.66 per share, 11,806,498 shares at Rs 3.89 per share, and with 6,695,317 shares at Rs 47.01 per share respectively.

Data Textiles Limited recorded a maximum increase of Re 1.00 per share price, closing at Rs 5.08, while PICIC Insurance Limited stood as runner up with an increase of Rs 0.09 in its per share price to Rs. 0.68.

Pak Agro Packaging Limited witnessed a maximum decline of Rs 0.99 per share closing at Rs 6.76, followed by Samba Bank Limited with a decrease of Rs. 0.90 to close at Rs. 6.5.

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