PSX witnesses bearish trend, loses 312 points

ISLAMABAD (APP) - The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Tuesday, losing 312.18 points, a negative change of 0.48 percent, closing at 64,349.60 points against 64,661.78 points the previous trading day.

A total of 671,665,363 shares valuing Rs.24.451 billion were traded during the day as compared to 625,147,050 shares valuing Rs.18.525 billion the last day. 

Some 378 companies transacted their shares in the stock market; 105 of them recorded gains and 252 sustained losses, whereas the share prices of 21 remained unchanged.

Meanwhile, the Pakistani rupee witnessed a depreciation of three paisa against the US dollar in the interbank trading and closed at Rs281.89 against the previous day’s closing of Rs281.86. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs281and Rs283.5 respectively.