Tuesday, July 2, 2024 04:31 PM
Investors cautious as Pakistan Stock Exchange faces downward trend
- PSX 100-index drops by 0.90%, closing at 74,836.30 points
- Trading volume decreases to 408,073,662 shares worth Rs 16.500 billion
- 405 companies participate, with 85 gaining and 277 facing losses
Image Credits: dailytimes_pkThe Pakistan Stock Exchange witnessed a 0.90% decrease, impacting investors as some companies gain while others face losses. Stay informed to make wise investment decisions.
The Pakistan Stock Exchange (PSX) faced a downward trend on Wednesday as the 100-index dropped by 681.19 points, marking a 0.90% decrease and closing at 74,836.30 points. This decline from the previous day's closing of 75,517.49 points reflects the market's current state.
Trading volume for the day stood at 408,073,662 shares, totaling Rs 16.500 billion, compared to the previous day's 446,071,483 shares valued at Rs 16.406 billion. A total of 405 companies participated in the stock market activities, with 85 companies witnessing gains, 277 companies facing losses, and 43 companies maintaining their share prices unchanged.
Among the top-trading companies were K-Electric Limited, WorldCall Telecom, and Dewan Motors. Notably, PIA Holding Company Limited saw the highest increase in share price, while Hoechst Pakistan Limited recorded the most significant decrease.
Investors are closely monitoring the fluctuations in the stock market, with some companies experiencing gains while others facing losses. It is essential for investors to stay informed about market trends and make informed decisions regarding their investments.
The Pakistan Stock Exchange's recent performance highlights the dynamic nature of the stock market. While some companies are thriving, others are encountering challenges. Investors should exercise caution and conduct thorough research before making any investment decisions.
