PSX witnesses bearish trend, loses 444 points

ISLAMABAD (APP) - The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, shedding 444.91 points, a negative change of 0.63 percent, closing at 70,657.64 points against 71,102.55 points the previous trading day.

A total of 436,993,041 shares valuing Rs 19.024 billion were traded during the day as compared to 560,552,783 shares valuing Rs 25.730 billion the last day.

Some 365 companies transacted their shares in the stock market; 103 of them recorded gains and 234 sustained losses, whereas the prices of 28 remained unchanged.

Gold rates decrease by Rs 900 per tola to Rs 241,000

The per tola price of 24 karat gold decreased by Rs 900 and was sold at Rs 241,000 compared to its sale at Rs 241,900 on last trading day.

The price of 10 grams of 24 karat gold also decreased by Rs 771 to Rs 206,619 from Rs 207,390 whereas the prices of 10 gram 22 karat gold went down to Rs 189,400 from Rs 190,108.

The price of per tola silver decreased by Rs10 to Rs2,620 whereas that of 10 gram silver went down by Rs.8.58 to Rs2,246.22. The price of gold in the international market decreased by Us$8 to US$2,308 from US$2,316.