The Pakistan Stock Exchange (PSX) experienced a bearish trend on Tuesday, with the 100-index dropping by 102.87 points, marking a 0.13% decline. The index closed at 77,877.42 points, down from 77,890.29 points on the previous trading day.
Market Activity and Trading Volume
The trading volume saw a significant increase, with a total of 604.14 million shares traded during the day, compared to 415.17 million shares the previous day. Despite the rise in trading activity, the total value of shares traded decreased to Rs 19.981 billion, down from Rs 22.242 billion on the last trading day.
Company Performance
Out of 443 companies that traded their shares on the PSX, 183 recorded gains, 211 faced losses, and 49 remained unchanged. The top three trading companies were Kohinoor Spinning, which traded 131.92 million shares at Rs 8.32 per share, Yousuf Weaving, with 89.20 million shares at Rs 5.63 per share, and Hascol Petroleum, with 47.80 million shares at Rs 6.79 per share.
Significant Price Movements
Mari Petroleum Company Limited saw the most significant price increase, with its share price rising by Rs 129.00, closing at Rs 3,395.80. Hoechst Pakistan Limited followed with a Rs 91.27 increase, closing at Rs 1,599.99 per share.
On the downside, Unilever Pakistan Limited experienced the largest decline, with its share price dropping by Rs 322.99 to close at Rs 17,620.00. Khyber Textile Mills Limited also faced a notable decrease, with a Rs 54.45 decline, closing at Rs 569.19 per share.
Market Sentiment
The bearish trend reflects a cautious sentiment among investors, as the market saw more companies losing value than gaining. Despite the higher trading volume, the overall decrease in the value of traded shares indicates a subdued market environment.
Investors will be closely monitoring upcoming economic indicators and corporate earnings reports to gauge the market’s direction in the coming days.
Afsheen Gohar believes in the power of clear, straightforward writing. Her blog posts tackle everyday topics with relatable insights and easy-to-follow advice. With a conversational style, she makes complex subjects feel understandable. She’s dedicated to sharing knowledge and empowering readers to take action. Find her latest posts on trending in social.
