ISLAMABAD: After enjoying a couple of weeks in a positive trend, the 100-index of the Pakistan Stock Exchange (PSX) observed a bearish trend on Monday while losing 199.47 points with a negative change of 0.41 percent, probably due to the correction process and profit taking by the investors. The market mostly remained in the bullish trend during the last one and a half months while gaining over 7000 points in total, whereas last week, the market even surpassed the 49000 benchmark after six years.
On closing of the trade, the index settled at 48,386.25 3 points compared to 48,585.72 points on the previous trading.
A total of 381,855,144 shares were transacted during the day against 331,132,473 shares on Friday, whereas the price of shares stood at Rs14.528 billion compared to Rs 12.500 billion the previous day.
Bearish Trend at PSX
As many as 354 companies traded their shares in the stock market; 104 of them recorded gains, and 225 witnessed losses, whereas the share price of 25 companies remained unchanged.
Like last couple of days, Cnergyico Pk remained on top among the three top-trading companies with 74,504,972 shares at Rs 3.80 per share, while Pak Refinery settled as the runner-up with 35,710,774 shares at Rs.18.01 per share followed by Oil and Gas Dev with 26,010,351 shares at Rs.105.57 per share.
Nestle Pakistan XD witnessed a maximum appreciation of Rs 91.67 per share price, closing at Rs 7,070.00, followed by Mari Petroleum with an increase of Rs 65.62 in its per share price to settle at Rs 1,705.63.
Philip Morris Pak witnessed a maximum depreciation of Rs 29.99 per share, closing at Rs 339.01, while Al-Abbas SugarXD recorded a decline of Rs 22.00 per share to close at Rs 450.10.
