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ISLAMABAD, Nov 11 (APP):The Pakistan Stock Exchange (PSX) suffered heavy losses on Tuesday as the benchmark KSE-100 index tumbled 3,667.90 points, a negative change of -2.27 percent, to close at 157,870.50 against the previous close of 161,538.41.
Market breadth was negative with 79 stocks advancing, 364 declining and 41 unchanged in the ready market of total 484 companies. In the futures market 13 advanced, 305 declined out of total 318.
Market activity remained robust in volume terms — ready market turnover stood at 836,425,654 shares with traded value of Rs. 38.08 billion, while futures turnover was 179,940,500 shares valuing Rs. 10.24 billion. Market capitalisation slipped to Rs. 18.08 trillion from Rs. 18.47 trillion previously.
Top turnover names in the ready market included F. National Equities with turnover of 77,173,809 closing at Rs. 22.61 followed by K-Electric Ltd. With turnover of 66,868,941 and WorldCall Telecom with turnover 46,808,585.
In the ready market, PIA Holding Company LimitedB emerged as one of the top gainers by rising Rs 821.44 to close at Rs 24,201.62, while ZIL Limited increased by Rs 44.00 to end at Rs 484.00.
On the other hand, Unilever Pakistan Foods fell sharply by Rs 299.99, closing at Rs 28,700.00, whereas Rafhan Maize Products declined Rs 80.00 to settle at Rs 9,432.00.
In the futures market, high activity was recorded in contracts for BOP-NOV, PIAHCLA-NOV and PACE-NOV, with BOP-NOV showing the largest turnover.