pakistan stock exchange (psx) remains bearish with 108-point losses
Published on: June 9, 2024.
Filed under:
The Pakistan Stock Exchange (PSX) experienced a bearish trend on Friday, resulting in a loss of 108.91 points or 0.15 percent. The 100-index closed at 73,754.02 points, compared to the previous day’s closing of 73,862.93 points.
During the day, a total of 559,550,615 shares were traded, amounting to Rs20.208 billion. This was a significant increase from the previous day’s trading of 352,738,992 shares valued at Rs12.312 billion.
Out of the 441 companies trading their shares, 180 recorded gains while 200 incurred losses. The share prices of 61 companies remained unchanged.
The top three trading companies were Pervez Ahmed Co, Fauji Cement, and WorldCall Telecom. Pervez Ahmed Co traded 78,926,466 shares at Rs 1.50 per share, Fauji Cement traded 34,397,313 shares at Rs 22.79 per share, and WorldCall Telecom traded 28,267,820 shares at Rs 1.32 per share.
Sapphire Fibres Limited saw the highest increase in its share price, with a rise of Rs 62.21 per share, closing at Rs 1,449.41. Hoechst Pakistan Limited was the runner-up, experiencing a rise of Rs 38.33 in its share price to Rs 1,400.00.
On the other hand, Rafhan Maize Products Limited witnessed the largest decrease in its share price, with a decline of Rs 299.40 per share, closing at Rs 7,587.05. Nestle Pakistan Limited followed with a decline of Rs 292.91, closing at Rs 6,995.33.
Overall, the PSX had a bearish day on Friday, with fluctuations in share prices and a decrease in the 100-index. Investors will closely monitor the market in the coming days to make informed decisions.
*Source*: [UrduPoint](https://www.urdupoint.com)
