PSX Witnesses Bearish Trend as 100-Index Drops by 1,510 Points

ISLAMABAD: The Pakistan Stock Exchange (PSX) experienced a bearish trend on Monday, with the 100-Index declining by 1,510.72 points, or 1.32 percent, to close at 112,745.01 points, compared to 114,255.73 points on the previous trading day.

A total of 401,456,556 shares were traded during the day, down from 543,124,378 shares on the last trading day. The total value of shares traded stood at Rs 20.351 billion, a decrease from Rs 27.973 billion the previous day.

Out of the 450 companies that traded shares, 137 recorded gains, while 262 sustained losses. The share prices of 51 companies remained unchanged.

WorldCall Telecom was the top trading company, with 26,261,284 shares traded at Rs 1.63 per share. It was followed by Bank of Punjab with 24,695,262 shares at Rs 10.23 per share, and Ghani Chemical with 22,003,898 shares at Rs 20.03 per share.

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Unilever Pakistan Foods Limited saw the highest increase in share price, rising by Rs 77.83 to close at Rs 22,383.33. Sazgar Engineering Works Limited followed with a rise of Rs 39.19, closing at Rs 1,062.95.

On the downside, Sapphire Fibres Limited experienced the largest drop in share price, decreasing by Rs 68.45 to close at Rs 1,060.55. Rafhan Maize Products Company Limited was the second-largest decliner, with a drop of Rs 65.30, closing at Rs 9,483.33.