Pakistan Stock Exchange crashed losing billions of Rupees for share holders

Shares
Pakistan Stock Exchange crashed losing billions of Rupees for share holders

KARACHI: Pakistan Stock Exchange crashed losing billions of Rupees for share holders.

Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday as KSE 100 Index dipped to 40,008 points with a negative change of 824 points.

A total of 104,287,930 shares were traded as compared to the trade of 104,305,370 shares during the previous day, whereas value of shares traded during the day stood at Rs 5.7 billion as compared to Rs 7 billion during last trading day.

Total 332 companies’ transacted shares in the Stock Market on Monday, out of which 44 recorded gain and 275 sustained losses whereas the share price of 13 companies remained unchanged.

Meanwhile, Asian markets link idled near 18-month highs on Monday as trading volumes weakened ahead of the Christmas holiday break, with investors taking profit on gains made earlier this month.

In early European trades, the pan-region Euro Stoxx 50 futures and German DAX futures rose 0.1% each while those for London’s FTSE inched up a bit.