MM News

KARACHI: Pakistan Stock Exchange (PSX) on Monday plummeted 411.50 points amid persisting political turmoil and uncertainty over IMF deal.

At close on Monday, the KSE-100 finished with a decline of 411.50 points or 1% to settle at 40,918.45 points against 41,329.95 points the previous day.

A total of 195,477,553 shares were traded during the day as compared to 172,605,637 shares the previous day, whereas the price of shares stood at Rs. 5.007 billion against Rs. 8.019 billion on the last trading day.

As many as 330 companies transacted their shares in the stock market; 131 of them recorded gains and 178 sustained losses, whereas the share price of 21 companies remained unchanged.

The three top-trading companies were Unity Food Ltd with 25,054,065 shares at Rs.14.16 per share; WorldCall Telecom with 16,643,395 shares at Rs.1.21 per share and Fauji Foods Ltd with 15,140,985 shares at Rs.6.07 per share.

Unilever Foods witnessed a maximum increase of Rs.56.00 per share price, closing at Rs.18,256.00, whereas the runner-up was Premium Tex with an Rs.31.28 rise in its per share price to Rs.448.35.

Pak Services witnessed a maximum decrease of Rs.112.00 per share closing at Rs.1,388.00; followed by Sapphire Tex. with Rs.85.47 decline to close at Rs.1054.26.