PSX 100-index drops by 108.91 points

The Pakistan Stock Exchange (PSX) faced a downward trend on Friday as the 100-index dropped by 108.91 points, marking a 0.15% decrease and closing at 73,754.02 points. This decline from the previous day's closing of 73,862.93 points reflects the market's fluctuating nature.

Trading activity was notably active, with 559,550,615 shares worth Rs20.208 billion exchanged, showing a significant increase from the previous day's 352,738,992 shares valued at Rs12.312 billion. A total of 441 companies participated in the stock market, with 180 companies witnessing gains, 200 facing losses, and 61 maintaining their share prices.

Among the top trading companies were Pervez Ahmed Co, Fauji Cement, and WorldCall Telecom. Sapphire Fibres Limited saw a notable increase of Rs 62.21 per share, closing at Rs 1,449.41, while Hoechst Pakistan Limited rose by Rs 38.33 to reach Rs 1,400.00 per share. On the other hand, Rafhan Maize Products Limited experienced a significant decrease, dropping by Rs 299.40 per share to close at Rs 7,587.05, followed by Nestle Pakistan Limited with a decline of Rs 292.91 to settle at Rs 6,995.33.

The fluctuations in the Pakistan Stock Exchange highlight the dynamic nature of the market. Investors should closely monitor these changes and make informed decisions to navigate the evolving landscape of the stock market.