PSX Witnesses Bearish Trend, Loses 223 Points

APP

Islamabad: The Pakistan Stock Exchange (PSX) witnessed a bearish trend on Monday as the 100-Index lost 223.95 points, reflecting a negative change of 0.27 percent.

The index closed at 81,850.50 points compared to 82,074.45 points from the last trading day.

Trading volume during the session amounted to 400,309,071 shares, down from 482,373,803 shares the previous day, with the total value of shares traded standing at Rs 18.690 billion, a significant drop from Rs 30.188 billion on the prior trading day.

Of the 439 companies involved in trading, 143 recorded gains, 237 sustained losses, and 59 saw no change in their share prices.

The top three trading companies were Pace (Pak) Limited with 30,381,268 shares traded at Rs 5.39 per share, WorldCall Telecom with 29,117,310 shares traded at Rs 1.28 per share, and Oil and Gas Development with 23,080,653 shares traded at Rs 138.61 per share.

Sapphire Fibres Limited saw the largest increase in share price, rising by Rs 129.80 to close at Rs 1,429.90. Ismail Industries Limited followed, with a Rs 124.19 rise per share, closing at Rs 1,750.13.

On the downside, Unilever Pakistan Foods Limited experienced the largest decline, dropping Rs 228.70 to close at Rs 17,387.55. Sazgar Engineering Works Limited also saw a significant decrease, with a Rs 45.88 drop, closing at Rs 973.75.