The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Friday, losing 2,320.78 points, a negative change of 1.30 percent, to close at 175,802.79 points against 178,123.57 points recorded on the previous trading day.
PSX turns bearish, sheds over 2,320 points
ISLAMABAD, Jul 17 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Friday, losing 2,320.78 points, a negative change of 1.30 percent, to close at 175,802.79 points against 178,123.57 points recorded on the previous trading day.
During the session, the ready market recorded a trading volume of 621.024 million shares with a traded value of Rs29.884 billion, compared to 736.956 million shares valuing Rs34.609 billion in the previous session. The market capitalization declined to Rs19.790 trillion from Rs20.040 trillion a day earlier.
Out of 497 active companies in the ready market, 101 advanced, 367 declined, and 29 remained unchanged.
Cnergyico PK led the volume chart with 86.492 million shares, followed by TPL Properties with 62.545 million shares and Pak Refinery with 38.580 million shares.
The top gainers included PIA Holding Company LimitedB, which surged by Rs329.17 to close at Rs18,102.67, and Khyber Textile Mills Limited, which gained Rs138.05 to settle at Rs2,199.38.
On the losing side, Khairpur Sugar Mills Limited declined by Rs207.94 to close at Rs1,871.47, while Rafhan Maize Products Company Limited fell by Rs151.33 to settle at Rs9,248.79.
In the futures (DFC) market, turnover stood at 154.248 million shares with a traded value of Rs7.010 billion, compared to 153.002 million shares worth Rs7.259 billion in the previous session.
Out of 302 futures-market companies, 27 advanced, 273 declined, and two remained unchanged.
