- Web Desk
- 1 Hour ago
PSX closes in red, shedding 927.67 points
- Web Desk
- Jul 25, 2024
KARACHI: After a brief period of stability, the Pakistan stock market experienced a setback on Thursday as bearish sentiment returned.
The benchmark KSE-100 Index saw a significant drop of 927.67 points, or 1.17 per cent, closing the session at 78,469.33.
Throughout the day, the index fluctuated within a range of 1,446.37 points, reaching an intraday high of 79,776.95 (+379.95) and a low of 78,330.58 (-1,066.42). The total trading volume for the KSE-100 Index was recorded at 129.01 million shares.
Among the 100 companies listed on the index, 22 ended the day with gains, while 77 experienced declines, and 1 remained unchanged. Notably, the biggest losers included AVN (-5.10 per cent), BAHL (-4.73 per cent), TRG (-4.72 per cent), LCI (-4.38 per cent), and THALL (-4.37 per cent). Conversely, the top gainers were BNWM (+3.49 per cent), APL (+3.32 per cent), PAKT (+2.23 per cent), JVDC (+1.34 per cent), and PIBTL (+1.33 per cent).
In terms of index-point contributions, the decline was primarily driven by BAHL (-131.51 points), HUBC (-108.09 points), SYS (-56.93 points), MCB (-50.94 points), and MEBL (-46.78 points). On the other hand, PSO (+17.21 points), POL (+11.31 points), APL (+11.00 points), PAKT (+8.30 points), and FFBL (+6.29 points) contributed positively to the index.
Sector-wise, the KSE-100 Index was adversely affected by Commercial Banks (-377.19 points), Power Generation & Distribution (-143.83 points), Technology & Communication (-106.68 points), Fertilizer (-88.67 points), and Cement (-40.69 points).
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