ISLAMABAD: The Pakistan Stock Exchange (PSX) on Tuesday observed another volatile session as the KSE-100 Index fluctuated throughout the day before closing at 116,052.68 points.
The stock exchange shed 202.44 points, showing a negative change of 0.17 percent.
The market started trading on a positive note, with the KSE-100 touching an intra-day high of 116,843.41.
On Tuesday a total of 792,770,655 shares were entertained as compared to 819,805,715 shares the last working day, whereas the price of shares stood at Rs 39.694 billion against Rs 38.326 billion on the previous trading day.
As many as 453 companies transacted their shares in the stock market, 133 of them recorded gains and 275 met losses, whereas the share price of 45 companies remained unchanged.
The three top trading companies were WorldCall Telecom with 80,583,371 shares at Rs 1.71 per share followed by Cnergyico PK with 76,600,722 shares at Rs.7.35 per share whereas K-Electric Limited settled with 45,707,217 shares at Rs.5.03 per share.
JDW Sugar Mills Limited witnessed a maximum increase of Rs.74.79 per share price, closing at Rs 822.68, whereas Lucky Core Industries Limited was the runner-up with Rs 51.67 rise in its per share price to Rs.1,148.16.
Hallmark Company Limited witnessed a maximum decline of Rs 89.38 per share closing at Rs 857.84 followed by Nestle Pakistan Limited with a drop of Rs 75.39 to close at Rs.7,344.08.
Experts have linked the decline to the worsening law and order situation in Balochistan, along with a significant rise in PSO’s receivables. This combination has negatively impacted overall market sentiment, especially within the oil and gas sector.
On Monday, the Pakistan Stock Exchange (PSX) witnessed a volatile session, with the benchmark KSE-100 Index fluctuating due to alternating waves of buying and selling. It ultimately closed lower, down by 1,332 points at 116,255.13.
The International Monetary Fund (IMF) has asked the government to impose a significant levy on gas supply to industrial captive power plants (CPPs) to eliminate any cost advantage between grid power and their in-House electricity generation.
Last week, the Pakistan Stock Exchange (PSX) observed a bullish trend, reaching record-high levels with substantial gains by the close of the trading week on January 3, 2025. This surge was driven by strong investor interest and backed by institutional support.
Meanwhile, in global markets, Asian shares gained on Tuesday, following a positive lead from Wall Street. Some investors expressed optimism that US President-elect Donald Trump might adopt a less aggressive approach to tariffs than initially promised once he assumes office.
