The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Monday, losing 6,600.05 points, a negative change of 3.95 percent, closing at 160,591.33 points against 167,191.38 points on the last trading day, according to PSX data.
The bearish trend came a day after Islamabad-brokered peace talks between US and Iran collapsed
During the session, the ready market recorded a trading volume of 743.227 million shares with a traded value of Rs 34.285 billion, compared to 875.538 million shares valuing Rs 46.648 billion in the previous session. The market capitalization decreased to Rs 17.802 trillion from Rs 18.473 trillion a day earlier.
Out of 483 active companies in the ready market, 66 advanced, 377 declined, and 40 remained unchanged. WorldCall Telecom topped the volume chart with 176.627 million shares, followed by Sui South Gas with 60.238 million shares and Bank of Punjab with 50.050 million shares.
The top gainers included Blessed Textiles Limited, which increased by Rs 98.41 to close at Rs 1,082.46, and Khairpur Sugar Mills Limited, which gained Rs 47.82 to settle at Rs 526.02.
On the losing side, PIA Holding Company LimitedB declined by Rs 789.54 to close at Rs 17,414.00, while Nestle Pakistan Limited fell by Rs 147.77 to close at Rs 7,355.77.
In the futures market, turnover stood at 174.577 million shares with a traded value of Rs 8.561 billion, compared to 205.955 million shares worth Rs 10.579 billion in the previous session.
Out of 320 futures-market companies, 11 recorded gains while 309 declined, according to PSX data.