Pakistan Stock Exchange faces bearish trend with notable price movements

The Pakistan Stock Exchange (PSX) experienced a bearish trend on Tuesday as the 100-Index witnessed a decline of 592.49 points, marking a negative change of 0.83 percent and closing at 71,102.55 points. This drop came in contrast to the previous trading day's closing at 71,695.03 points.

During the trading session, a total of 560,552,783 shares were traded, amounting to Rs 25.730 billion. This figure was lower than the previous day's trading volume of 613,314,754 shares valued at Rs 26.314 billion. A total of 384 companies participated in the stock market activities, with 113 companies recording gains, 244 companies sustaining losses, and 27 companies maintaining their share prices unchanged.

Among the top trading companies were WorldCall Telecom, trading 47,688,025 shares at Rs 1.28 per share, Pace (Pak) Limited with 27,121,500 shares at Rs 3.29 per share, and Pak Petroleum with 23,164,949 shares at Rs 114.91 per share.

Notable price movements were observed in Unilever Pakistan Foods Limited, which saw an increase of Rs 446.29 per share, closing at Rs 20,000. Al-Abbas Sugar Mills Limited followed with a rise of Rs 43.53 per share to reach Rs 25.40. On the other hand, Hallmark Company Limited experienced the most significant decrease, dropping by Rs 90.02 per share to close at Rs 1,149.12, while Sapphire Fibres Limited saw a decline of Rs 69.12 per share, closing at Rs 1,423.33.

In conclusion, the PSX faced a challenging trading day with notable fluctuations in share prices across various companies. Investors and analysts will be closely monitoring the market for further developments and trends in the coming days.