PSX Stays Bearish, Loses 60 Points

Fri Aug 16 2024
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ISLAMABAD: The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Friday shedding 60.67 points, with a negative change of 0.08 percent. At close the index settled at 78,045.31 points against 78,105.98 points on the last working day.

Overall, 600,719,724 shares were entertained during the day as compared to 591,065,051 shares the previous day, whereas the price of shares stood at Rs 21.071 billion against Rs 20.102 billion on the last trading day.

As many as 440 companies transacted their shares in the stock market, 170 of them registered gains and 220 met losses, whereas the share price of 50 companies remained unchanged.

The three top trading companies were Kohinoor Spinning with 109,495,571 shares at Rs 10.28 per share, followed by Yousuf Weaving with 70,094,057 shares at Rs.6.87 per share while PTCL settled with 21,231,669 shares at Rs 12.42 per share.

Unilever Pakistan Foods Limited saw a maximum increase of Rs 358.81 per share price, closing at Rs 17,959.81, whereas the runner-up was Hoechst Pakistan Limited with a Rs 60.29 rise in its per share price to Rs 1,660.29.

Excide Pakistan Limited recorded a maximum decline of Rs 83.58 per share closing at Rs 929.72 followed by Sazgar Engineering Works Limited with Rs 56.82 decline to close at Rs 1,028.57.

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