PSX Drops 198.94 Points Amid Bearish Trend

APP

Islamabad: The Pakistan Stock Exchange (PSX) 100-index experience a downward trajectory on Tuesday, losing 198.94 points – a negative change of 0.25 per cent – closing at 78,628.81 points against 78,827.74 points on the last working day.

A total of 313,085,457 shares were traded during the day compared to 371,087,020 shares the previous day, with the price of shares standing at Rs 17.615 billion against Rs 19.156 billion on the last trading day.

As many as 447 companies transacted their shares in the stock market, with 152 recording gains and 239 sustaining losses, whereas the share price of 56 companies remained unchanged.

The top three trading companies were The Organic Meat with 24,830,333 shares at Rs 40.47 per share, The Searle Company with 24,067,099 shares at Rs 60.31 per share, and Fauji Cement with 15,819,905 shares at Rs 21.63 per share.

Rafhan Maize Products Company Limited witnessed a maximum increase of Rs 77.44 per share, closing at Rs 7,590.00, whereas the runner-up was Pakistan Services Limited with a Rs 38.57 rise in its per share price to Rs 819.02.

Nestle Pakistan Limited witnessed the maximum decrease of Rs 97.13 per share, closing at Rs 6,852.80, followed by Pakistan Engineering Company Limited with a Rs 56.40 decline to close at Rs 603.60.