HomeBusinessPSX turns bearish, sheds 6,682 points to close at 172,170 points

PSX turns bearish, sheds 6,682 points to close at 172,170 points

ISLAMABAD, Feb 19 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) on Thursday witnessed a bearish trend, losing 6,682.81 points, a negative change of 3.74 percent, to close at 172,170.29 points compared to 178,853.10 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 542.979 million shares with a traded value of Rs 27.363 billion, against 697.682 million shares valuing Rs 49.992 billion in the previous session. Market capitalization decreased to Rs 19.514 trillion from Rs 20.227 trillion a day earlier.
Out of 483 active companies in the ready market, 32 advanced, 384 declined, and 67 remained unchanged.WorldCall Telecom topped the volume chart with 84.183 million shares, followed by K-Electric Limited with 62.013 million shares and Trust Sec.& Bro (R ) with 45.71million shares.
The top gainers included Dawood Lawrencepur Limited, which rose by Rs 25.88 to close at Rs 668.89, and Shahmurad Sugar Mills Limited, which gained Rs 20.90 to settle at Rs 399.93. On the losing side, PIA Holding Company LimitedB declined by Rs 1,758.34 to close at Rs 16,576.66, while Unilever Pakistan Foods Limited fell by Rs 627.21 to close at Rs 26,027.79.
In the futures market, turnover stood at 139.974 million shares with a traded value of Rs 8.902 billion, compared to 164.954 million shares worth Rs 13.111 billion in the previous session. Out of 322 futures-market companies, 6 recorded gains, while 316 declined.
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