PSX turns bearish, sheds over 1,703 points

ISLAMABAD, Jul 22 (APP): The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Wednesday, losing 1,703.64 points, a negative change of 0.97 percent, to close at 174,429.93 points against 176,133.57 points recorded on the previous trading day.

During the session, the ready market recorded a trading volume of 695.697 million shares with a traded value of Rs25.404 billion, compared to 1.003 billion shares valuing Rs35.702 billion in the previous session. The market capitalization stood at Rs19.626 trillion, down from Rs19.790 trillion a day earlier.

Out of 493 active companies in the ready market, 108 advanced, 353 declined, and 32 remained unchanged.

Trust Brokerage led the volume chart with 134.167 million shares, followed by Cnergyico PK with 99.431 million shares and TPL Properties with 49.826 million shares.

The top gainers included The Thal Industries Corporation Limited, which surged by Rs95.31 to close at Rs1,048.37, and PIA Holding Company LimitedB, which gained Rs92.67 to settle at Rs17,600.00.

On the losing side, Khairpur Sugar Mills Limited declined by Rs151.59 to close at Rs1,364.30, while Siemens (Pakistan) Engineering fell by Rs60.44 to settle at Rs1,473.55.

In the futures (DFC) market, turnover stood at 171.452 million shares with a traded value of Rs7.169 billion, compared to 245.295 million shares worth Rs9.808 billion in the previous session.

Out of 305 futures-market companies, 33 advanced, 270 declined, and 2 remained unchanged.