Bears dominate in intraday trade as KSE-100 plunges over 1,400 points

Karachi: The Pakistan Stock Exchange witnessed bearish trend on Monday as the KSE 100-index lost 1,447.67 points, with a negative change of 3.23 percent, closing at 43,393.14 points against 44,840.81 points on the last working day.

A total of 305,207,779 shares were traded during the day compared to the trade of 189,484,396 shares the previous day, whereas the price of shares stood at Rs9.238 billion against Rs5.661 billion on last trading day.

As many as 368 companies transacted shares in the stock market, 43 of them recorded gain and 311 sustained losses, whereas the share price of 14 companies remained unchanged.

The three top trading companies were Lotte Chemical Pakistan Limited with a volume of 27,005,500 shares and price per share of Rs25.20, Cnergyico Pak with a volume of 23,858,892 and price per share of Rs 5.56 and Worldcall Telecom Limited with volume of 20,795,000 and price per share of Rs1.57.

Murree Brewery witnessed a maximum increase of Rs18.95 per share, closing at Rs423.95 whereas the runner up was thal Ind. Crop., the share prices of which climbed up by Rs19.57 to Rs282.00.

Bhanero Tex. witnessed maximum decrease of Rs115.34 closing at Rs1,422.55 followed by Rafhan Maize, the share price of which declined by Rs850 to close at Rs10,750.