PSX Pakistan Stock Exchange functions normally in challenging circumstances

PSX Update January 4, 2024: Modest Shifts in the Pakistan Stock Exchange

n today’s trading session on January 4, 2024, the Pakistan Stock Exchange (PSX) experienced subtle fluctuations, with the 100-index noting a marginal negative change of 0.01 percent. The index closed at 64,639.16 points, reflecting a decrease of 7.69 points compared to the previous trading day’s closing at 64,646.85 points.

Market Dynamics:

The total volume of shares traded during the day amounted to 548,989,972, valued at Rs.15.395 billion. This marks a contrast from the last trading day, where 639,616,328 shares, worth Rs.20.282 billion, were exchanged.

Company Performances:

A total of 360 companies participated in today’s stock market activities. Among them, 155 recorded gains, 184 sustained losses, and the share prices of 21 remained unchanged.

Top-Traded Companies:

The leading companies in terms of trading volume included K-Electric Ltd, transacting 154,661,017 shares at Rs.5.65 per share, WorldCall Telecom with 37,141,119 shares at Rs.1.48 per share, and Fauji Foods Ltd with 27,327,065 shares at Rs.10.74 per share.

Noteworthy Stock Movements:

  • Unilever Pakistan Foods observed the most significant increase in share price, rising by Rs.50.00 to close at Rs.22,250.00 per share.
  • Pak Suzuki Motor Company secured the second-highest increase, with a Rs.43067 rise, closing at Rs.625.91 per share.

Top Losers:

  • Mehmood Textile Mills Limited experienced the most substantial decrease, witnessing a decline of Rs.20.95 per share to close at Rs.500.00.
  • Thai Limited followed, with a Rs.9.50 decrease, concluding the day at Rs.299.39 per share.

The PSX continues to exhibit its dynamic nature, responding to various market forces and company-specific factors. Investors remain vigilant as the market navigates through these fluctuations, anticipating new opportunities and challenges in the coming trading sessions.

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