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PSX witnesses bearish trend, loses 778 points

Karachi:The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Thursday, losing 778.41 points while closed at 119,153.04 points.

A total of 589,772,649 shares were traded during the day as compared to 667,685,585 shares the previous trading day, whereas the price of shares stood at Rs 30.813 billion against Rs 26.624 billion on the last trading day.

As many as 466 companies transacted their shares in the stock market, 195 of them recorded gains and 229 sustained losses, whereas the share price of 42 companies remained unchanged.

The three top trading companies were K-Electric Limited with 42,770,156 shares at Rs 4.71 per share, Bank Makramah with 28,172,037 shares at Rs 3.77 per share and Ghani Global Holding with 27,642,592 shares at Rs 16.71 per share.