The Pakistan Stock Exchange (PSX) witnessed another bearish session on Tuesday, with the KSE-100 index dropping by 809.63 points (-0.72%), closing at 111,935.38 points, down from 112,745.01 points in the previous session, as reported by ARY News.
Market Performance Summary:
- Trading Volume: 436 million shares, up from 401 million shares in the last session.
- Market Turnover: Rs 23.225 billion, higher than the previous session’s Rs 20.351 billion.
- Companies Traded: 440, with 129 gaining, 225 declining, and 56 remaining unchanged.
Key Market Movers:
Analysts at Topline Securities attributed the downturn to local institutional selling. The decline was primarily driven by ENGOH, MTL, FFC, BAHL, and PPL, which collectively contributed 430 points to the index loss.
Despite the dip, market participation remained strong, with WTL (WorldCall Telecom) leading in volume with 54 million shares traded.
Top Trading Companies:
- WorldCall Telecom – 54 million shares at Rs1.58/share
- Cnergyico PK – 21 million shares at Rs7.49/share
- K-Electric Limited – 20 million shares at Rs4.43/share
Biggest Gainers & Losers:
? Top Gainers:
- Sazgar Engineering Works Ltd: +Rs78.01 (Closing at Rs1,140.96)
- Bata Pakistan Ltd: +Rs28.54 (Closing at Rs1,968.16)
? Top Losers:
- Rafhan Maize Products: -Rs86.15 (Closing at Rs9,397.18)
- Sapphire Textile Mills Ltd: -Rs39.64 (Closing at Rs1,165.68)
Meanwhile, Pakistan’s exports showed positive growth, rising 9.98% YoY to $19.551 billion during July-January (2024-25), compared to $17.777 billion in the same period last year, as per Pakistan Bureau of Statistics (PBS) data.
