PSX turns bearish, loses 3,505 points

ISLAMABAD: The 100-Index of the Pakistan Stock Exchange (PSX) grew to become round to bearish trend on Tuesday, losing three,505.Sixty two points greater factors, a negative alternate of 3.57 percentage, ultimate at ninety four,574.Sixteen factors compared to 98,079.78 factors on the closing trading day. Pakistan’s delicacies A total of one,116,324,649 shares have been traded throughout the day as compared to 640,258,528  stocks the preceding trading day, whereas the rate of stocks stood at Rs 43.291 billion in opposition to Rs.25.623 billion at the remaining buying and selling day. As many as 456 corporations transacted their shares within the inventory marketplace, 53 of them recorded profits and 355 sustained losses, while the percentage rate of 48 businesses remained unchanged. The 3 pinnacle trading groups have been K-Electric Limited with one zero one,636,133 shares at Rs 4.Sixty five in line with percentage, Bank of Punjab with ninety two,023,190 shares at Rs 6.85 in keeping with percentage and Hascol Petrol with seventy three,320,431 stocks at Rs.Thirteen.Fifty nine per percentage. Sapphire Textile Mills Limited witnessed a maximum boom of Rs. 40.88 in keeping with share rate, closing at Rs 1,177.Ninety nine, while the runner-up changed into Mehmood Textile Mills Limited with Rs 35.02 rise in its consistent with proportion price to Rs 535.Forty. Rafhan Maize Products Company Limited witnessed a maximum lower of Rs 141.07 in step with share closing at Rs 7,813.Forty eight accompanied by Unilever Pakistan Foods Limited with Rs 112.Seventy nine decline to shut at Rs.19,019.35.