Pakistan Stock Exchange Faces Bearish Trend, Drops Over 4,795 Points

The Pakistan Stock Exchange (PSX) experienced a significant downturn on Thursday as the benchmark 100-Index recorded a steep decline of 4,795.32 points, reflecting a negative change of 4.32%. The index closed at 106,274.98 points, down from its previous day’s close of 111,070.29 points.

Trading Volume and Market Activity

Despite the bearish trend, trading activity slightly increased, with 1,167,361,955 shares traded during the day, compared to 1,111,921,053 shares on the prior trading session. However, the total value of traded shares dropped to Rs 56.797 billion from Rs 60.242 billion.

A total of 472 companies participated in the day’s trading session. Among them, 66 companies recorded gains, 371 sustained losses, and the share prices of 35 companies remained unchanged.

Top Trading Companies

The top three trading companies by volume were:

WorldCall Telecom: 177,645,248 shares traded at Rs 1.52 per share.
K-Electric Limited: 81,901,542 shares traded at Rs 5.22 per share.
Cnergyico PK: 68,345,098 shares traded at Rs 5.84 per share.

Major Gainers

Rafhan Maize Products Company Limited led the gainers, with its share price increasing by Rs 348.58 to close at Rs 9,250.58. Indus Motor Company Limited followed, witnessing a rise of Rs 186.79 per share, closing at Rs 2,245.36.

Major Losers

Unilever Pakistan Foods Limited faced the sharpest decline, with its share price falling by Rs 267.44 to close at Rs 20,625.42. Nestle Pakistan Limited also saw a significant decrease, with its share price dropping by Rs 187.63 to close at Rs 7,241.37.

Market Sentiment

The overall market sentiment was heavily bearish, driven by global economic uncertainty and domestic factors impacting investor confidence. Analysts expect continued volatility in the coming sessions, urging investors to adopt a cautious approach.

This significant drop highlights the challenges faced by the Pakistani stock market amid economic and geopolitical pressures.