PSX witnesses bearish trend, losses 501 points
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On Monday, the 100-index of the Pakistan Stock Exchange (PSX) experienced a bearish trend, declining by 501.46 points, or 0.68%, to close at 73,252.56 points compared to 73,754.02 points on the previous trading day.
During the trading session, a total of 350,721,616 shares were exchanged, with a total value of Rs10.180 billion. This was a significant decrease from the previous day's trading volume of 559,550,615 shares, which had a total value of Rs20.208 billion.
Out of the 434 companies that traded their shares, 133 recorded gains, 241 sustained losses, and the share prices of 60 companies remained unchanged.
The top three trading companies by volume were:
1. **Pervez Ahmed Co**: 57,418,499 shares traded at Rs 1.63 per share.
2. **Amtex Limited**: 33,746,280 shares traded at Rs 4.56 per share.
3. **WorldCall Telecom**: 31,276,558 shares traded at Rs 1.34 per share.
The company that saw the most significant increase in share price was **Hoechst Pakistan Limited**, with a rise of Rs 49.02 per share, closing at Rs 1,449.02. The runner-up was **Pakistan Industries Limited**, which saw a Rs 24.04 increase per share, closing at Rs 973.75.
