Pakistan Stock Exchange Witnesses Bearish Trend, Loses 830 Points

Wed Jul 10 2024
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ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) recorded a bearish trend on Wednesday, losing 830.51 points, with a negative change of 1.03 percent. At close the index settled at 79,841.56 points against 80,672.06 points on the last working day.

Overall 495,910,236 shares were entertained during the day as compared to 610,264,015 shares the previous day, whereas the price of shares stood at Rs 22.116 billion against Rs 24.317 billion on the previous trading day.

Around 440 companies transacted their shares in the stock market, 153 of them registered gains and 241 sustained losses, whereas the share price of 46 companies remained unchanged.

The three top trading companies were K-Electric Limited with 57,716,127 shares at Rs 4.89 per share, followed by PIA Holding Company with 43,039,629 shares at Rs 25.08 per share whereas United Foods Limited settled with 28,628,477 shares at Rs34.87 per share.

Excide Pakistan Limited recorded a maximum increase of Rs 71.17 per share price, closing at Rs 820.38, whereas the PIA Holding Company Limited was the runner-up with a Rs63.20 rise in its per share price to Rs 728.47.

Unilever Pakistan Foods Limited witnessed a maximum decline of Rs 178.83 per share closing at Rs 18,111.16, followed by Pakistan Tobacco Company Limited with a Rs46.03 decline to close at Rs 1,065.84.

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