Pakistan Stock Exchange faces downward trend, Hallmark Company rises

The Pakistan Stock Exchange (PSX) faced a downward trend on Thursday as the 100-index dropped by 356.51 points, representing a 0.48% decrease, and closed at 73,862.93 points, down from the previous day's 74,219.44 points. The trading activity saw 352,738,992 shares worth Rs12.312 billion exchanged, a decrease from the previous day's 348,549,582 shares valued at Rs16.389 billion. A total of 450 companies participated in the market, with 134 companies witnessing gains, 249 companies experiencing losses, and 67 companies maintaining their share prices.

Key players in the trading session included WorldCall Telecom, Kohinoor Spinning, and Dewan Motors. WorldCall Telecom traded 17,606,340 shares at Rs1.31 per share, Kohinoor Spinning traded 14,855,744 shares at Rs4.43 per share, and Dewan Motors traded 13,692,244 shares at Rs39.44 per share. Notable increases in share prices were observed, with Hallmark Company Limited showing the highest rise of Rs14.98 to close at Rs435.12 per share, followed by Sapphire Textile Mills Limited with a Rs13.26 increase to reach Rs1,292.72 per share.

The fluctuations in the Pakistan Stock Exchange reflect the dynamic nature of the financial markets. Investors and stakeholders closely monitor these changes to make informed decisions. It is essential to stay updated on market trends and company performances to navigate the stock exchange effectively.