Pakistan Stock Exchange Turns Bearish, Loses 1,360 Points

PSX settles at 113,520.32 a negative change of 1.18 %

Mon Jan 27 2025
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ISLAMABAD: The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday as the benchmark KSE-100 Index plunged by 1,360.16 points, closing at 113,520.32, marking a 1.18% decrease.

A total of 494,003,725 shares were entertained during the day as compared to 632,039,226 shares the last working day, whereas the price of shares stood at Rs25.940 billion against Rs.37.800 billion on the previous trading day.

As many as 442 companies transacted their shares in the stock market, 97 of them registered gains and 298 met losses, whereas the share price of 47 companies remained unchanged.

The three top trading companies were Sui South Gas with 51,651,701 shares at Rs 39.53 per share followed by Cnergyico PK with 50,683,570 shares at Rs.7.57 per whereas WorldCall Telecom settled with 29,067,822 shares at Rs.1.73 per share.

PSX 1

Unilever Pakistan Foods Limited recorded a maximum increase of Rs395.46 per share closing at Rs 21,995.45 whereas Archroma Pakistan Limited was the runner-up with Rs 43.51 rise in its share price to close at Rs.478.56.

Mari Energies Limited witnessed a maximum decline of Rs.48.13 per share price, closing at Rs 536.46, whereas the runner-up was Colgate-Palmolive (Pakistan) Limited with a fall of Rs 40.10 in its per share price to Rs.1,497.88.

Earlier, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) cut the key policy rate by 100 basis points, taking it down to 12%. This was the sixth successive cut in the key interest rate since June 2024 when it stood at 22%.

“After the MPC, the market will shift focus on politics and the results season,” said Intermarket Securities in a note that had envisaged that a larger than 100bps cut could be a positive trigger for the stock market.

Globally, US stock futures and Asian shares outside China declined on Monday as investors assessed the impact of Chinese startup DeepSeek’s release of a free, open-source artificial intelligence model designed to compete with OpenAI’s ChatGPT.

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