PSX plunges 11,015 points

ISLAMABAD, Mar 9 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 11,015.95 points, a negative change of 6.99 percent, closing at 146,480.15 points against 157,496.10 points on the last trading day.

A total of 621,653,341 shares were traded during the day as compared to 363,145,903 shares the previous trading day, whereas the price of shares stood at Rs 37.116 billion against Rs 23.108 billion on the last trading day.

As many as 480 companies transacted their shares in the stock market, 33 of them recorded gains and 386 sustained losses, whereas the share price of 61 companies remained unchanged. The three top trading companies were K-Electric Ltd. with 127,469,387 shares at Rs 7.20 per share, F. Nat. Equities with 33,608,420 shares at Rs 1.15 per share and Bank of Punjab with 33,386,862 shares at Rs 25.45 per share. Blessed Textiles Limited witnessed a maximum increase of Rs 32.43 per share price, closing at Rs 356.72, whereas Faisal Spinning Mills Limited was the runner-up with a Rs 25.11 rise in its per share price to Rs 290.71. Unilever Pakistan Foods Limited witnessed a maximum decrease of Rs 1,371.42 per share, closing at Rs 23,698.33, followed by Sazgar Engineering Works Limited with a Rs 213.22 decline to close at Rs 1,918.97. In the futures market, 316 companies recorded trading, of which one increased whereas 315 decreased.