PSX Continues With Bearish Trend, Loses 531 Points

Muhammad Irfan Published January 16, 2024 | 09:22 PM

The 100-index of Pakistan Stock Exchange (PSX) continued with bearish trend on Tuesday, losing 531.91 points, a negative change of 0.83 percent, closing at 63,737.46 points against 64,269.38 points the previous trading day

ISLAMABAD, (UrduPoint / Pakistan Point News - 16th Jan, 2024) The 100-index of Pakistan Stock Exchange (PSX) continued with bearish trend on Tuesday, losing 531.91 points, a negative change of 0.83 percent, closing at 63,737.46 points against 64,269.38 points the previous trading day.

A total of 407,543,943 shares valuing Rs.12.646 billion were traded during the day as compared to 382,012,304 shares valuing Rs.14.076 billion the last day.

Some 338 companies transacted their shares in the stock market; 92 of them recorded gains and 219 sustained losses, whereas the share prices of 338 remained unchanged.

The three top-trading companies were K-Electric with 50,782,057 shares at Rs.

5.79 per share, PTCL with 48,565,635 shares at Rs.13.57 per share and WorldCall Telecom with 32,110,497 shares at Rs.1.36 per share.

Nestle Pakistan Limited witnessed a maximum increase of Rs.200.00 per share price, closing at Rs.8,200.00, whereas the runner-up was Philip Morris (Pakistan) Limited with a Rs.47.67 rise in its per share price to Rs.683.26.

Rafhan Maize Products Company witnessed a maximum decrease of Rs.197.50 per share closing at Rs.9,202.50, followed by Pakistan Services Limited with Rs.68.00 decline to close at Rs.922.00.