ISLAMABAD, Jul 28 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) turned around to a bearish trend on Tuesday, losing 638.45 points, a negative change of 0.36 percent, to close at 177,623.88 points against 178,262.34 points recorded in the previous trading session. The ready market witnessed a trading volume of 958.014 million shares, compared to 1.032 billion shares traded on Monday, while the traded value increased slightly to …
PSX sheds over 638 points amid selling pressure
ISLAMABAD, Jul 28 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) turned around to a bearish trend on Tuesday, losing 638.45 points, a negative change of 0.36 percent, to close at 177,623.88 points against 178,262.34 points recorded in the previous trading session.
The ready market witnessed a trading volume of 958.014 million shares, compared to 1.032 billion shares traded on Monday, while the traded value increased slightly to Rs41.566 billion from Rs41.020 billion. Market capitalisation declined to Rs19.951 trillion from Rs20.021 trillion recorded a day earlier.
Out of 495 companies that traded in the ready market, 156 posted gains, 306 suffered losses, while 33 remained unchanged, reflecting a predominantly bearish trend across the market.
Cnergyico PK led the volume chart with 273.054 million shares, followed by WorldCall Telecom with 72.250 million shares and Trust Brokerage with 63.665 million shares.
Among the top gainers, Khairpur Sugar Mills Limited surged by Rs121.56 to close at Rs1,337.15, while Baba Farid Sugar Mills Limited advanced by Rs49.72 to settle at Rs546.95.
On the losing side, PIA Holding Company Limited declined by Rs68.00 to close at Rs18,170.00, while Khyber Textile Mills Limited fell by Rs46.71 to Rs1,998.29.
In the futures (DFC) market, turnover stood at 510.216 million shares with a traded value of Rs21.937 billion, compared with 512.403 million shares worth Rs16.630 billion in the previous session.
Of the 304 companies traded in the futures market, 108 advanced, 190 declined and six remained unchanged.
