PSX Records Bearish Trend As KSE-100 Index Sheds 209 Points
Umer Jamshaid Published January 17, 2017 | 07:25 PM
KARACHI, (UrduPoint / Pakistan Point News - 17th Jan, 2017 ) : pakistan stock exchange (psx) witnessed bearish trend on Tuesday as the KSE-100 Index shed 209.89 points and closed at 48678.64 points.
While the KSE-30 Index dropped by 173.82 points and closed at 26339.87 points. Similarly KSE-All Shares Index moved down by 127.99 points and closed at 33339.95 points. The trading began on a positive note and the KSE-100 moved up to 49003.94 points, but later investors opted to profit-taking, pushing the index down to 48108.80 points, however, the index managed to recover later in the day and closed at 48678.65.
The shares of 415 companies were traded, in which the share values of 130 companies went up and that of 272 went down, while the share value of 13 companies remained unchanged.
The market capital decreased by Rs.
37.795 billion, however, trading value increased by Rs. 2.119 billion as compared to the previous trading day, and the turnover increased by 63.591 million shares and stood at 379,653,320. The highest activity was recorded in the share value of Unilever Foods which gained Rs.
150 and closed at Rs.5900 and Rafhan Maize accumulated Rs. 140 to its share value and closed at Rs. 7950, while the highest decrease was recorded in the share value of Service Industries Limited which lost Rs.
37.02 and closed at Rs. 1540.25, and Lucky Cement dropped by Rs. 28.52 and closed at Rs. 853.71. In future trading, the share value of 124 companies increased, and that of 24 companies decreased, while over 49 million shares were traded.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
Russian military jet crashes into sea off Crimea: Governor
Rain-windstorm/thunderstorm likely at various parts of country
Implementation of Sindh Agriculture Workers Act-2019 demanded
More Stories From Business
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
59 minutes ago -
Today Gold Rate in Pakistan 29 March 2024
2 hours ago -
Pakistan retains position in FTSE secondary emerging market
11 hours ago -
Pakistan retains position in FTSE secondary emerging market
11 hours ago -
China's competitive car market at heart of global EV revolution
11 hours ago -
China's Xiaomi enters car market with new electric vehicle
11 hours ago
-
Pak-Türkiye strategize to boost bilateral trade to $5 billion
13 hours ago -
Chief Representative of CFFEX in Pakistan and PSX Director meet Finance Minister
13 hours ago -
Banks to open on March 30, 31 to facilitate tax collection
14 hours ago -
Stock markets rise before Easter break
14 hours ago -
NCA approves revised first quarter GDP estimates for 2023-24
14 hours ago -
26% increase on tobacco tax can reduce PKR 300bn in health cost
15 hours ago