PSX witnesses bearish trend, loses 1964 points

ISLAMABAD - The benchmark KSE 100-index of the Pakistan Stock Exchange (PSX) remained bearish on Monday, losing 1,964.87 points, a negative change of 1.18 percent, to close at 165,124.41 points against 167,089.28 points recorded in the previous trading session. The ready market witnessed a trading volume of 362.954 million shares, compared to 309.412 million shares traded in the previous session, while the traded value decreased to Rs14.507 billion from Rs15.437 billion. Market capitalisation declined to Rs18.359 trillion from Rs18.569 trillion recorded a day earlier. Out of 500 companies that traded in the ready market, 135 posted gains, 322 suffered losses, while 43 remained unchanged, reflecting a highly bearish trend in the market. Treet Corporation led the volume chart with 27.311 million shares, followed by LSE Financial (R) with 20.828 million shares and WorldCall Telecom with 20.349 million shares. Among the top gainers, Unilever Pakistan Foods Limited surged by Rs207.49 to close at Rs25,262.50, while Khairpur Sugar Mills Limited advanced by Rs74.55 to settle at Rs820.02. On the losing side, PIA Holding Company Limited B declined by Rs294.00 to close at Rs14,200.00, while Khyber Textile Mills Limited fell by Rs95.81 to Rs1,688.92. In the futures (DFC) market, turnover stood at 97.870 million shares with a traded value of Rs7.623 billion, compared with 78.244 million shares worth Rs5.276 billion in the previous session. Of the 326 companies traded in DFC market, 46 advanced, 280 declined and none remained unchanged. AI deception, fake identities at heart of student death probe Tags: