ISLAMABAD, Sep 10 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a severe drumming on Thursday, losing 3,078.56 points, a steep negative change of 1.79 percent, to close at 168,865.04 points against 171,943.60 points recorded in the previous trading session. The ready market witnessed a trading volume of 628.673 million shares, compared to 477.674 million shares traded in the previous session, while the traded value stood at …
PSX stays bearish, sheds over 3,078 points
ISLAMABAD, Sep 10 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a severe drumming on Thursday, losing 3,078.56 points, a steep negative change of 1.79 percent, to close at 168,865.04 points against 171,943.60 points recorded in the previous trading session.
The ready market witnessed a trading volume of 628.673 million shares, compared to 477.674 million shares traded in the previous session, while the traded value stood at Rs 27.016 billion, up from Rs 22.637 billion.
Market capitalisation decreased heavily to Rs 18.854 trillion from Rs 19.233 trillion recorded a day earlier.
Out of 499 companies that traded in the ready market, 58 posted gains, 406 suffered losses, while 35 remained unchanged, reflecting an overwhelming downward trend in the market.
Cnergyico PK led the volume chart with 99.405 million shares, followed by Tasdeeq Information with 40.989 million shares,
and Media Times Ltd with 29.478 million shares.
Among the top gainers, Elahi Cotton Mills Limited surged by Rs 20.92 to close at Rs 230.11, while Khyber Textile Mills Limited advanced by Rs 16.70 to settle at Rs 1,886.60.
On the losing side, PIA Holding Company LimitedB declined by Rs 1,044.95 to close at Rs 16,405.05, while Buxly Paints Limited fell by Rs 103.04 to Rs 927.32.
In the futures (DFC) market, turnover stood at 175.545 million shares with a traded value of Rs 8.958 billion, compared with 131.978 million shares worth Rs 7.107 billion in the previous session.
Of the 299 companies traded in the DFC market, 9 advanced, 290 declined, and 0 remained unchanged.
