PSX stays bearish, loses 1,200 points

ISLAMABAD, Mar 27 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Friday, losing 1,200.45 more points, a negative change of 0.79 percent, closing at 151,707.52 points compared to 152,907.97 points on the previous trading day, according to PSX data.

During the session, the ready market recorded a trading volume of 435.513 million shares with a traded value of Rs 23.989 billion, against 521.631 million shares valuing Rs 27.138 billion in the previous session. Market capitalization decreased to Rs 16.885 trillion from Rs 17.049 trillion a day earlier.
Out of 478 active companies in the ready market, 126 advanced, 287 declined, and 65 remained unchanged.
K-Electric Limited topped the volume chart with 56.993 million shares, followed by First National Equities with 27.181 million shares and TPL REIT Fund I with 19.735 million shares.
The top gainers included Allawasaya Textile & Finishing Mills Limited, which rose by Rs 140.00 to close at Rs 1,540.00, and Faisal Spinning Mills Limited, which gained Rs 33.99 to settle at Rs 397.99.
On the losing side, Unilever Pakistan Foods Limited declined by Rs 412.00 to close at Rs 24,581.00, while Hoechst Pakistan Limited fell by Rs 46.81 to close at Rs 4,170.00.
In the futures market, turnover stood at 524.520 million shares with a traded value of Rs 19.587 billion, compared to 389.149 million shares worth Rs 21.232 billion in the previous session.
Out of 318 futures-market companies, 56 recorded gains, while 259 declined with three remaining unchanged, according to PSX data.