ISLAMABAD: After shedding over a 100 points on Monday, the 100-index of the Pakistan Stock Exchange (PSX) continued its downward trend and witnessed a loss of 244.21 points on Tuesday with a negative change of 0.58 per cent, closing at 41,538.72 points compared to 41,782.93 points the previous day.
Last week, the market mostly remained in the green zone and continued the bullish trend till presenting of the federal budget. However, the current week witnessed a downfall in the market.
On Tuesday, a total of 144,168,405 shares were transacted compared to 179,118,281 shares on Monday, whereas the price of shares stood at Rs4,124 billion compared to Rs. 5.568 billion on the previous day.
Bearish trend at PSX
As many as 327 companies traded their shares in the stock market, and 91 of them recorded gains and 208 witnessed losses, whereas the share price of 28 companies remained unchanged.
Mostly the third-tier companies remained active in the buying process. Hascol Petrol kept itself on top with 14,363,000 shares at Rs.5.85 per share while TPL Properties settled as runner-up with 13,506,846 shares at Rs.13.73 per share followed by WorldCall Telecom with 12,977,181 shares at Rs.1.17 per share.
Pak Services witnessed a maximum appreciation of Rs.33.29 per share price, closing at Rs.883.29, followed by Philip Morris Pak with an appreciation of Rs.31.99 in its per share price to Rs.458.64.
Unilever Foods witnessed a maximum decline of Rs.889.00 per share closing at Rs.22,111.00, followed by Rafhan Maize with a decrease of Rs.545.00 to close at Rs. 8,350.00.
