PSX 100-index drops by 303.22 points

The Pakistan Stock Exchange (PSX) faced a downward trend on Monday, with the 100-index dropping by 303.22 points, representing a negative change of 0.40% to close at 75,575.26 points. This decline from the previous day's closing of 75,878.48 points reflects the market's current state.

During the trading session, a total of 441,261,756 shares were traded, amounting to Rs 18.634 billion. This figure is lower than the previous day's trading volume of 523,299,973 shares valued at Rs 20.574 billion, indicating a decrease in market activity.

Among the 426 companies participating in the stock market, 199 companies saw gains, 178 faced losses, and 49 maintained their share prices unchanged. The top three companies in terms of trading volume were Fauji Cement, K-Electric Limited, and PIA Holding Company, showcasing their significance in the market.

Nestle Pakistan Limited observed the highest increase in share price, rising by Rs 154.64 to close at Rs 7,349.19 per share. Following closely was Sazgar Engineering Works Limited, which saw a Rs 34.31 increase in its share price to reach Rs 820.45. Conversely, Sapphire Fiber Limited experienced the most significant decrease in share price, dropping by Rs 72.57 to close at Rs 1,407.43 per share, with Hallmark Company Limited following with a Rs 35.23 decline to end at Rs 456.43.

The fluctuations in the Pakistan Stock Exchange highlight the dynamic nature of the market, with companies experiencing both gains and losses. Investors need to closely monitor these changes to make informed decisions regarding their investments. Understanding the factors influencing stock prices is crucial for navigating the stock market effectively.