PSX KSE-100 Index Suffers Significant Decline in Thursday Trading Session
The Pakistan Stock Exchange (PSX) experienced a notable downturn on Thursday, with the benchmark KSE-100 index closing sharply lower. According to official PSX data, the index shed a substantial 6,042.27 points, representing a decline of 3.21 percent. This bearish trend resulted in the index closing at 182,338.12 points, compared to 188,380.39 points recorded on the previous trading day.
Trading Volume and Market Capitalization Details
During the session, the ready market recorded a trading volume of 933.099 million shares, with a traded value of Rs66.413 billion. This compares to 953.917 million shares valued at Rs48.878 billion in the prior session. Market capitalization also saw a decline, dropping to Rs20.618 trillion from Rs21.186 trillion a day earlier.
Company Performance and Market Sentiment
Out of 487 active companies in the ready market, the majority faced declines. Specifically, 83 companies advanced, while 364 declined, and 40 remained unchanged. K-Electric Limited topped the volume chart with 104.157 million shares, followed by WorldCall Telecom with 48.363 million shares and Bank of Punjab with 31.347 million shares.
Top Gainers and Losers in the Session
On the gaining side, Gillette Pakistan Limited rose by Rs49.52 to close at Rs544.76, and Blessed Textiles Limited gained Rs46.09 to settle at Rs506.96. Conversely, among the losers, PIA Holding Company Limited (B) declined by Rs539.87 to close at Rs20,039.25, while Unilever Pakistan Foods Limited fell by Rs435.17 to close at Rs27,345.83.
Futures Market Activity
In the futures market, turnover stood at 488.956 million shares with a traded value of Rs30.234 billion. This compares to 598.304 million shares worth Rs37.778 billion in the previous session. Out of 318 futures-market companies, 21 recorded gains, while 297 declined, indicating a broader bearish sentiment across market segments.
