PSX closes at 46142 after drop by 625 points
The bearish trend was witnessed at Pakistan Stock Exchange (PSX) on Thursday as 100 Index was closed at 46142 after dropping by 625 points or 1.34 per cent, reported 24NewsHD TV channel.
570.78 million shares worth Rs23.20 billion were traded in the market on Thursday while due to reduction in the prices of shares the investors were deprived of Rs76 billion.
Similarly, market capitalization came down from Rs8368 billion to Rs8292 billion.
On Wednesday also bearish trend was witnessed at the PSX as the 100 Index was closed at 46768 after the fall by 99 points or 0.21 per cent.
Due to the reduction in the shares’ prices, the investors were deprived of their capital worth Rs25 billion while the market capitalization also came down from Rs8393 billion to Rs8368 billion.
700 million shares worth Rs28.50 billion were traded in the market on Wednesday.