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Pakistan Stock Exchange drops 312 points in volatile session

Pakistan Stock Exchange drops 312 points in volatile session

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On Tuesday, the main stock index in Pakistan, the KSE-100, went down by more than 300 points, bringing a negative atmosphere back to the Pakistan Stock Exchange (PSX) after a significant gain the day before.

By the end of the day, the index settled at 64,349.60, showing a decrease of 312.18 points or 0.48%.

The industries with significant market weight, such as automakers, cement, chemicals, commercial banks, oil and gas exploration firms, as well as oil and gas manufacturing and refinery sectors, all experienced a decline in trading.

The overall trading activity saw an increase, with the all-share index reaching 671.7 million shares compared to 625.1 million in the previous session. The total value of shares also rose from Rs18.5 billion to Rs24.5 billion.

K-Electric Ltd led in terms of volume, trading 79.9 million shares, followed by WorldCall Telecom with 46.5 million shares, and B.O.Punjab at 34.9 million shares.

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On that day, 378 companies’ shares were traded, with 105 companies showing an increase, 252 facing a decline, and 21 remaining unchanged.

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PSX increases by 59 points, closes at 45,650 points
PSX increases by 59 points, closes at 45,650 points

KARACHI: Pakistan Stock Exchange (PSX) rose by 59 points and closed at 45,650...

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