PSX 100-index drops by 663.07 points

The Pakistan Stock Exchange (PSX) experienced a bearish trend on Tuesday, with the 100-index dropping by 663.07 points, representing a 0.91% decrease to close at 72,589.49 points. This decline followed the previous day's closing of 73,252.56 points, indicating a negative shift in market sentiment.

During the trading session, a total of 372,538,669 shares were traded, amounting to Rs11.650 billion in value. This trading volume surpassed the previous day's activity of 350,721,616 shares valued at Rs10.180 billion. A total of 431 companies were active in the stock market, with 107 companies recording gains, 263 sustaining losses, and 61 maintaining unchanged share prices.

The top three trading companies were K-Electric Limited, WorldCall Telecom, and Pervez Ahmed Company. K-Electric Limited led the trading volume with 45,897,256 shares traded at Rs 4.50 per share, followed by WorldCall Telecom with 33,249,426 shares at Rs 1.29 per share, and Pervez Ahmed Company with 29,026,271 shares at Rs 1.19 per share.

Notable price movements included Hoechst Pakistan Limited, which saw the highest increase in share price, gaining Rs 50.98 to close at Rs 1,500.00 per share. Sapphire Fibres Limited followed with a Rs 41.45 increase, reaching Rs 1,450.00 per share. Conversely, Ismail Industries Limited experienced the most significant decrease, dropping by Rs 121.78 to close at Rs 1,432.22 per share, while Mari Petroleum Limited saw a decline of Rs 61.12 to end at Rs 2,535.39 per share.

The bearish trend in the Pakistan Stock Exchange reflects the current market conditions, with fluctuations in share prices impacting investor sentiment. As market dynamics continue to evolve, investors are advised to closely monitor price movements and company performance to make informed investment decisions.