PSX Pakistan Stock Exchange functions normally in challenging circumstances

PSX 100-Index Takes a Dip with Bearish Trends Losing 931 Points

n a recent turn of events on Tuesday, the Pakistan Stock Exchange (PSX) experienced a bearish trend, as the 100-Index recorded a substantial loss of 931.98 points, marking a negative change of 1.48 percent. The market closed at 61,841.74 points, down from the previous day’s closing at 62,773.72 points.

During the trading day, a total of 436,120,659 shares were traded, amounting to Rs 15.286 billion in value. This is a notable increase compared to the last trading day, which saw 317,577,239 shares traded with a total value of Rs.10.693 billion.

Market activities involved 346 companies transacting their shares, with 76 companies recording gains, 249 sustaining losses, and the share prices of 21 remaining unchanged.

The three top-trading companies on the PSX were K-Electric Limited, trading 52,895,427 shares at Rs.4.65 per share, WorldCall Telecom, trading 29,219,100 shares at Rs.1.23 per share, and Hascol Petrol, trading 24,692,000 shares at Rs.7.91 per share.

Noteworthy changes in individual stock prices were observed, with Rafhan Maize Products Company Limited witnessing the highest increase of Rs.400.00 per share, closing at Rs.9,200.00. Following closely was Bata Pakistan Limited, experiencing a Rs.20.00 rise in its per-share price, reaching Rs.1,760.00.

Conversely, Unilever Pakistan Foods Limited recorded the maximum decrease of Rs.1,687.50 per share, closing at Rs.20,812.50. Colgate-Palmolive (Pakistan) Limited followed suit with a decline of Rs.109.27, closing at Rs.1,444.33.

These market fluctuations highlight the dynamic nature of the stock exchange, influenced by various factors. Investors and stakeholders are closely monitoring these trends, adjusting their strategies to navigate the ever-changing landscape of the financial market.

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