Published On: Wed, Mar 25th, 2020
Published in Category: Karachi

PSX plunges 2102.58 points to close at 28,564.83 points

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KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed bearish trend as KSE 100 index closed at 28,564.83 points as compared to 30,667.41 points on the last working day with the negative change of 2,102.58 points (6.68%).

A total of 98,788,497 shares valuing 2.484 billion were traded against 244,998,438 shares valuing Rs8.470 billion on the previous day.

The shares of some 285 companies were transacted in the stock market, 24 of them recorded gains and 253 sustained losses whereas the share price of eight companies remained unchanged.

The three top traded companies were K-Electric Ltd with a volume of 25,596,500 shares and price per share of Rs2.99, Unity Foods Ltd with a volume of 11,911,500 and price per share of Rs8.71, and Bank of Punjab XD with a volume of 9,611,500 and price per share of Rs8.01.

Bata (Pak) recorded maximum increase of Rs47.87 per share, closing at Rs1408.58 while Sapphire Fiber was the runner-up with the increase of Rs33.35 per share, closing at Rs809.99. Colgate Palm recorded maximum decrease of Rs162.79 per share, closing at Rs2,007.87, whereas the prices of Philip Morris Pak decreased by Rs145.54 per share closing at Rs1795.11.

The PSX triggered Market Halt at 11:37 am due to 5 percent decline in KSE-30 Index and all the equity based derivative markets remained suspended for 120 minutes.