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PSX: Bears bleed the bourse red that sheds over 600 points!

SANA MAHMOOD

KARACHI: Last week’s euphoria seems to have vanished in thin air with the bourse vibrating with the growling of bears forcing KSE-100 Index close at 41,483 shedding 504 points today.

Rs. 8b worth of 153.4m shares changed hands on the week’s first day of trading. Value of the shares of 239 companies plummeted, 93 augmented and 22 remained stagnant.

Engineering, Oil/Gas Marketing and Textile Sectors dominated the trading with 31.6m, 18.8m and 16.7m shares respectively.

Today’s top five traders of shares were: Dost Steels Ltd., 19.5m shares (+1.48pc); Azgard Nine, 15.3m shares (+4.99pc); Sui Northern Gas, 9.8m shares (+3.52pc); Engro Polymer, 8.3m shares (-4.52pc); TRG Pak Ltd.,  6.8m shares (-3.22pc).

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.