PSX Witnesses Bearish Trend, Loses Over 2,288 Points
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PSX (Pakistan Stock Exchange) witnessed a bearish trend on Monday, with its benchmark KSE-100 Index losing 2,288.17 points, a 1.36% decrease, to close at 165,867.32 points. This compared to the previous session's high of 168,155.49 points.
Trading volume dipped to 441.898 million shares, down from 493.957 million shares the previous day, while the traded value shrank to Rs15.709 billion from Rs17.491 billion.
Market capitalisation also decreased, from Rs18.725 trillion to Rs18.464 trillion. Out of 499 companies traded, 55 gained, 409 declined, and 35 remained unchanged, reflecting the overall bearish sentiment.
F. Nat.Equities topped the volume chart with 50.252 million shares, followed by Pak Int.Bulk with 30.666 million shares and Cnergyico PK with 30.042 million shares.
Dadex Eternit Limited emerged as the top gainer, rising Rs13.14 to close at Rs144.55, while Pakistan Synthetics Limited advanced Rs11.61 to Rs183.95.
On the losing side, Unilever Pakistan Foods Limited plummeted Rs472.40 to Rs25,016.00, and PIA Holding Company LimitedB dropped Rs150.50 to Rs15,000.00.
In the futures (DFC) market, turnover was 91.217 million shares, worth Rs4.552 billion, compared to 94.041 million shares and Rs5.370 billion in the previous session.
Of the 296 traded companies, 15 advanced, 281 declined, and zero remained unchanged.