Pakistan Stock Exchange's PSX 100-index Declines by 1.20%

The Pakistan Stock Exchange's PSX 100-index witnessed a decline on Tuesday, falling by 908.60 points or 1.20%. The index closed at 74,666.66 points, down from the previous day's 75,575.26 points. Trading activity recorded 414,479,234 shares worth Rs18.311 billion exchanged, showing a decrease compared to the previous day's figures of 441,261,756 shares valued at Rs18.364 billion. A total of 451 companies were active in the market, with 99 companies gaining, 279 companies losing, and 73 companies remaining unchanged.

The top three companies in terms of trading volume were Fauji Cement, K-Electric Limited, and WorldCall Telecom. Fauji Cement traded 36,618,571 shares at Rs22.51 per share, K-Electric Limited traded 35,198,695 shares at Rs4.87 per share, and WorldCall Telecom traded 21,707,630 shares at Rs1.34 per share. Sapphire Fibers Limited saw the highest increase in share price, gaining Rs31.51 to close at Rs1,438.94, followed by Philip Morris Pakistan Limited with a Rs10.39 increase to Rs600.00. Conversely, Mari Petroleum Company experienced the largest decrease, dropping Rs83.43 to close at Rs2,672.60, with Rafhan Maize Products Company Limited following closely with a Rs68.83 decline to Rs7,926.64.

The PSX 100-index's downward trend on Tuesday reflects the market's volatility and the impact of various factors on stock prices. Investors should closely monitor market movements and company performances to make informed decisions. Understanding the dynamics of the stock market is crucial for anyone looking to invest wisely.