PSX witnessed bearish trend, loses 303 points

ISLAMABAD    -   The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 303.22 points, a negative change of 0.40 per cent, closing at 75,575.26 points against 75,878.48 points the previous day. A total of 441,261,756 shares valuing Rs18.634 billion were traded during the day as compared to 523,299,973 shares valuing Rs20.574 billion the previous day. As many as 426 companies transacted their shares in the stock market; 199 of them recorded gains and 178 sustained losses, whereas the share price of 49 companies remained unchanged. The top three trading companies were Fauji Cement with 32,835,391 shares at Rs23.66 per share, K-Electric Limited with 31,651, 913 shares at Rs5.01 per share and PIA Holding Company with 25,572, 549 shares at Rs19.01 per share. Nestle Pakistan Limited witnessed a maximum increase of Rs154.64 per share price, closing at Rs 7,349.19 whereas the runner-up was Sazgar Engineering Works Limited with a Rs34.31 rise in its per share price to Rs 820.45. Sapphire Fiber Limited witnessed a maximum decrease of Rs72.57 per share closing at Rs1,407.43, followed by Hallmark Company Limited with a Rs 35.23 decline to close at Rs 456.43.

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