{"id":149673,"date":"2020-03-16T16:35:37","date_gmt":"2020-03-16T11:35:37","guid":{"rendered":"https:\/\/vid.app.com.pk\/vid\/?p=149673"},"modified":"2021-03-22T15:38:39","modified_gmt":"2021-03-22T10:38:39","slug":"psx-bleeds-2375-points-declines-to-33684-points","status":"publish","type":"post","link":"https:\/\/vid.app.com.pk\/vid\/2020\/03\/psx-bleeds-2375-points-declines-to-33684-points\/","title":{"rendered":"PSX bleeds 2375 points, declines to 33,684 points"},"content":{"rendered":"<div style=\"width: 696px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-149673-1\" width=\"696\" height=\"392\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/03\/Stock-Exchange-13.mp4?_=1\" \/><a href=\"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/03\/Stock-Exchange-13.mp4\">https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/03\/Stock-Exchange-13.mp4<\/a><\/video><\/div>\n<p>ISLAMABAD, Mar 16 (APP):The Pakistan Stock Exchange (PSX) Monday noted bearish trend as KSE 100 index closed at 33,684.91 points as compared to 36,060.88 points on the last working day with the negative change of 2375.97 points (6.59 %).<\/p>\n<p>A total of 215,437,490 shares were traded compared to the trade 290,470,770 shares during the previous day, whereas the value of shares traded during the day stood at 8.060 billion as compared to Rs 13.968 billion during last trading day.<\/p>\n<p>As many as 346 companies\u2019 transacted shares in the Stock Market Monday, out of which 18 recorded gain and 319 sustained losses whereas the share price of 9 companies remained unchanged.<\/p>\n<p>The three top traded companies were, Bank of Punjab with a volume of 44,377,000 shares and price per share of Rs 10.10, Maple Leaf with a volume of 13,508,000 and price per share of Rs 27.58 and United Foods Ltd with a volume of 9,349,000 and price per share of Rs 12.34.<\/p>\n<p>Earlier, the PSX triggered Market Halt for 45 minutes due to 5 percent decline in KSE-30 index at 10.15 a.m.<\/p>\n<p>All the equity based derivative markets remained suspended for 45 minutes.<\/p>\n<p>Pakistan Stock Exchange as a frontline regulator has introduced market halt action with approval of the Securities and Exchange Commission of Pakistan (SECP) in accordance with international best practices as a means to safeguard the interests of investors and stakeholders.<\/p>\n<p>This is a standard protocol for risk management purposes which is triggered when the KSE30 index moves 4% either way and remains there for 5 consecutive minutes.<\/p>\n<p>\u201cMarket halt\u201d procedure has been introduced by PSX as a front line regulator in line with international best practices and approved by SECP in PSX regulations in December of 2019.<\/p>\n<p>The objective of introducing market halt is to safeguard investors and market participants during volatile markets.<\/p>\n<p>During this halt, trading in all securities remains temporarily suspended in order to ensure a cooling off period and run a mark to market activity as a risk management measure.<\/p>\n<p>PSX remains at the forefront of the Capital market to provide a fair, transparent, and efficient marketplace for the benefit of investors, issuers and all stakeholders.<\/p>\n<p>&nbsp;<\/p>\n<p>VNS ISLAMABAD<\/p>\n<p><a href=\"https:\/\/vid.app.com.pk\/vid\/i6ju\">Stock Exchange<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, Mar 16 (APP):The Pakistan Stock Exchange (PSX) Monday noted bearish trend as KSE 100 index closed at 33,684.91 points as compared to 36,060.88 points on the last working day with the negative change of 2375.97 points (6.59 %). A total of 215,437,490 shares were traded compared to the trade 290,470,770 shares during the previous [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":149676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-149673","1":"post","2":"type-post","3":"status-publish","4":"format-video","5":"has-post-thumbnail","7":"category-national","8":"post_format-post-format-video"},"video_url":["https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/03\/Stock-Exchange-13.mp4"],"featured_media_src_url":"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2020\/03\/1-331-1024x576.jpg","_links":{"self":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/149673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/comments?post=149673"}],"version-history":[{"count":2,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/149673\/revisions"}],"predecessor-version":[{"id":149678,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/149673\/revisions\/149678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/media\/149676"}],"wp:attachment":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/media?parent=149673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/categories?post=149673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/tags?post=149673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}