PSX witnesses bearish trend

KARACHI: The Pakistan Stock Exchange (PSX) 100-Index experienced a downward trend on Monday, dropping 282.72 points, a decrease of 0.36 percent, and closing at 78,615.00 points compared to 78,897.73 points on the previous trading day.
A total of 491,124,197 shares were traded during the day, down from 743,072,057 shares the day before. The total value of shares traded was Rs 10.124 billion, a decrease from Rs 12.900 billion on the last trading day.
Out of 443 companies that traded their shares, 155 saw gains, 228 experienced losses, and the share price of 60 companies remained unchanged.
The top three trading companies were WorldCall Telecom with 86,006,041 shares at Rs 1.46 per share, Kohinoor Spinning with 42,932,284 shares at Rs 9.63 per share, and Pace (Pak) Limited with 37,264,175 shares at Rs 6.38 per share.
Among the companies, Haleon Pakistan Limited had the highest increase in share price at Rs 41.13, closing at Rs 453.32, followed by Service Industries Limited with a Rs 29.37 increase to Rs 1,039.47 per share.
On the other hand, Pakistan Engineering Company Limited saw the biggest decrease in share price at Rs 50.80, closing at Rs 898.70, followed by Rafhan Maize Products Company Limited with a decline of Rs 48.12 to close at Rs 7,300.88.