HomeBusinessPSX sheds 418 points to close at 174,054 points

PSX sheds 418 points to close at 174,054 points

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ISLAMABAD, Dec 31 (APP): The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) on Wednesday closed bearish, losing 418.47 points, a negative change of 0.24 percent, to settle at 174,054.32 points compared to 174,472.80 points on the previous trading day, according to PSX data.
During the session, the ready market witnessed a trading volume of 957.239 million shares with a traded value of Rs 44.231 billion, against 851.044 million shares valuing Rs 44.903 billion in the previous session. Market capitalization declined to Rs 19.690 trillion from Rs 19.693 trillion a day earlier.
Out of 481 active companies in the ready market, 221 advanced, 223 declined, while 37 remained unchanged.
K-Electric Limited topped the volume chart with 95.896 million shares, followed by PIA Holding Company Limited with 61.811 million shares and Pak International Bulk with 47.666 million shares.
The top gainers included PIA Holding Company LimitedB, which rose by Rs 1,776.42 to close at Rs 19,540.58, and Rafhan Maize Products Company Limited, increasing by Rs 119.76 to settle at Rs 10,058.37.
On the losing side, Hafiz Limited declined by Rs 48.23 to close at Rs 483.27, while Premium Textile Mills Limited fell by Rs 43.04 to close at Rs 450.23.
In the futures market, turnover stood at 206.329 million shares with a traded value of Rs 11.811 billion, compared to 194.799 million shares worth Rs 12.447 billion in the previous session.
Out of 313 futures-market companies, 133 recorded gains, 176 declined, while four remained unchanged.
Among futures contracts, PIAHCLA-JAN led with 42.818 million shares, followed by KEL-JAN with 20.578 million shares and WTL-JAN with 13.053 million shares.
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