PSX witnesses bearish trend, loses 277 points

ISLAMABAD (APP) - The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Monday, losing 277.87, a negative change of 0.43 percent, closing at 64,237.03 points against 64,514.90 points the previous trading day.

A total of 484,012,978 shares valuing Rs.12.744 billion were traded during the day as compared to 949,559,318 shares valuing Rs.19.355 billion the last day.

Some 358 companies transacted their shares in the stock market; 104 of them recorded gains and 223 sustained losses, whereas the share prices of 31 remained unchanged.

Meanwhile, the Pakistani rupee witnessed an appreciation of 11 paisa against the US dollar in the interbank trading and closed at Rs281.28 against the previous day’s closing of Rs281.39.

The buying and selling rates of the dollar in the open market stood at Rs281 and Rs283.5 respectively.

The price of the Euro increased by 21 paisa to close at Rs307.55 against the last day’s closing of Rs307.34.