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PSX Stays Red, Sheds Over 800 Points  

5 min read
Legal Expert
PSX Stays Red, Sheds Over 800 Points  
The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Tuesday, losing, 809.63 points, a negative change of 0.72 percent, closing at 111,935.38 points as compared to 112,745.01 points on the last trading day.  A total of 436,325,053 shares were traded during the day as compared to 401,456,556 shares the previous trading day, whereas the price of shares stood at Rs. 23.225 billion against Rs. 20.351 billion on the last trading day.  As many as 440 companies transacted their shares in the stock market, 129 of them recorded gains and 225 sustained losses, whereas the share price of 56 companies remained unchanged.  The three top trading companies were WorldCall Telecom with 54,615,977 shares at Rs. 1.58 per share, Cnergyico PK with 21,090,416 shares at Rs. 7.49 per share and K-Electric Limited with 20,621,518 shares at Rs. 4.43 per share.  Sazgar Engineering Works Limited witnessed a maximum increase of Rs78.01 per share closing at Rs1,140.96 whereas runner-up was Bata Pakistan Limited with Rs 28.54 rise in its share price to close at Rs.1,968.16.  Rafhan Maize Products Company Limited witnessed a maximum decrease of Rs. 86.15 per share price, closing at Rs. 9,397.18, whereas the runner-up was Sapphire Textile Mills Limited with Rs. 39.64 decline in its per share price to Rs. 1,165.68. 
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Written by the expert legal team at Javid Law Associates. Our team specializes in corporate law, tax compliance, and business registration services across Pakistan.

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