PSX stays bearish trend, loses over 1,590 points

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The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Tuesday, losing 1,590.09 points, a negative change of 0.93 percent, closing at 168,916.22 points against 170,506.31 points on the last trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 1.017 billion shares with a traded value of Rs 32.031 billion, compared to 1.103 billion shares valuing Rs31.044 billion in the previous session. The market capitalization declined to Rs18.685 trillion from Rs18.869 trillion a day earlier.
Out of 485 active companies in the ready market, 106 advanced, 346 declined, and 33 remained unchanged.Cnergyico PK topped the volume chart with 154.128 million shares, followed by Hascol Petrol with 113.570 million shares and K-Electric Limited with 107.548 million shares.
The top gainers included Khairpur Sugar Mills Limited, which increased by Rs 98.38 to close at Rs 1,082.21, and Premium Textile Mills Limited, which gained Rs 32.00 to settle at Rs 500.00.
On the losing side, PIA Holding Company LimitedB declined by Rs 599.00 to close at Rs 18,801.00, while Unilever Pakistan Foods Limited fell by Rs 324.00 to close at Rs 26,268.00.
In the futures market, 321 companies traded, of which 42 recorded gains, 277 declined, and 2 remained unchanged, according to PSX data.