Stock Market Dips as Bearish Momentum Takes Hold: PSX Records a Loss of 368 Points
Islamabad: Bearish Trend Engulfs PSX as 100-Index Plummets by 368.26 Points, Marking a 0.57% Decline to Close at 64,269.38 Points. Trading Volume Sees a Dip with 382 Million Shares Worth Rs.14.076 Billion Exchanged.
Some 363 companies transacted their shares in the stock market; 96 of them recorded gains and 249 sustained losses, whereas the share prices of 18 remained unchanged.
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The three top-trading companies were K-Electric with 55,031,681 shares at Rs.5.85 per share, Pak Int. Bulk with 37,652,000 shares at Rs.7.09 per share and WorldCall Telecom with 25,000,275 shares at Rs.1.38 per share.
Philip Morris (Pakistan) Limited witnessed a maximum increase of Rs.44.34 per share price, closing at Rs.635.59, whereas the runner-up was Pakistan Hotels Developers Limited with a Rs.33.94 rise in its per share price to Rs.508.94.
Nestle Pakistan Limited witnessed a maximum decrease of Rs.200.00 per share closing at Rs.8,000.00, followed by Rafhan Maize Products Company Limited with Rs.150.00 decline to close at Rs.9,400.00.