HomeBusinessPSX stays bearish, loses 385 points to close at 188,203 points

PSX stays bearish, loses 385 points to close at 188,203 points

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ISLAMABAD, Jan 27 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) on Tuesday continued with a bearish trend, losing 384.80 points, a decline of 0.20 percent, to close at 188,202.86 points compared to 188,587.66 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 749.247 million shares with a traded value of Rs 53.061 billion, against 870.446 million shares valuing Rs 57.197 billion in the previous session. Market capitalization declined to Rs 21.147 trillion from Rs 21.162 trillion a day earlier.
Out of 486 active companies in the ready market, 160 advanced, 278 declined, while 48 remained unchanged.
K-Electric Limited topped the volume chart with 90.164 million shares, followed by Hascol Petroleum with 47.948 million shares and Bank of Punjab with 35.973 million shares.
The top gainers included Unilever Pakistan Foods Limited, which rose by Rs 75.77 to close at Rs 27,676.00, and Khyber Textile Mills Limited, which increased by Rs 56.35 to settle at Rs 1,694.97.
On the losing side, PIA Holding Company Limited (B) declined by Rs 234.33 to close at Rs 20,769.00, while Nestle Pakistan Limited fell by Rs 69.81 to close at Rs 7,900.83.
In the futures market, turnover stood at 446.671 million shares with a traded value of Rs 31.687 billion, compared to 374.873 million shares worth Rs 28.569 billion in the previous session. Out of 314 futures-market companies, 101 recorded gains, while 210 declined and three remained unchanged.
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