The Pakistan Stock Exchange (PSX) experienced a bearish trend on Friday, with the 100-index losing 439.82 points, marking a negative change of 0.56 percent. The index closed at 78,029.51 points, down from the previous day’s closing of 78,469.33 points.
Trading Volume and Value
The total number of shares traded during the day was 278,327,575, a decrease from the 327,279,993 shares traded on the previous day. The value of traded shares also saw a decline, standing at Rs 11.621 billion compared to Rs 15.283 billion on the last trading day.
Market Activity
A total of 429 companies participated in the trading session. Among them, 114 companies recorded gains, 255 sustained losses, and the share prices of 60 companies remained unchanged.
Top Trading Companies
The top three trading companies by volume were:
- K-Electric Limited: 15,218,855 shares traded at Rs 4.27 per share.
- Sui North Gas: 14,833,712 shares traded at Rs 69.98 per share.
- WorldCall Telecom: 14,224,557 shares traded at Rs 1.16 per share.
Major Gainers
The companies with the most significant increases in share price were:
- PIA Holding Company Limited: Increased by Rs 54.21, closing at Rs 952.21 per share.
- Rafhan Maize Products Company Limited: Increased by Rs 22.57, closing at Rs 7,598.99 per share.
Major Losers
The companies with the most significant decreases in share price were:
- Nestle Pakistan Limited: Decreased by Rs 56.96, closing at Rs 6,900.00 per share.
- Sazgar Engineering Works Limited: Decreased by Rs 38.03, closing at Rs 1,043.28 per share.
Market Analysis
The ongoing bearish trend indicates investor caution, possibly influenced by domestic and international economic factors. The reduction in trading volume and value suggests a wait-and-see approach among market participants.
As the PSX continues to navigate through a bearish phase, investors are advised to stay updated with market trends and make informed decisions. Monitoring key economic indicators and corporate performance will be crucial in understanding the market dynamics in the coming days.
Stay tuned for more updates and detailed analysis on the Pakistan Stock Exchange and other financial news.
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