FLASHNEWS:

Pakistan Stock Exchange Experiences Decline Amid Volatile Trading

Karachi: The Pakistan Stock Exchange (PSX) witnessed a decline in major indices on the latest trading day, with the KSE100 index falling by 310.21 points to close at 95,546.46, marking a 0.32% decrease. The KSE30 index also experienced a drop, closing at 29,578.01, a 0.35% decrease, as the market faced a challenging trading environment.

According to JS Global, the market showed a mixed performance with significant movements in both gainers and losers. Among the top gainers, KOSM led with a 10.73% increase, closing at 8.98, followed by KAPCO with an 8.37% rise, reaching 32.74. Conversely, PSEL and POML were among the top losers, dropping by 5.28% and 5.09%, respectively.

The total trading volume reached 1,138.41 million shares, with a total value of Rs. 37.48 billion (US$ 135.05 million). The market capitalization of the PSX also saw a slight decrease, standing at Rs. 12,328.44 billion (US$ 44.42 billion).

Regional markets displayed varied performances, with the Philippines' PSI index increasing by 2.5%, while Taiwan's TWII index dropped by 0.7%. Other major Asian markets showed minor fluctuations.

The PSX continues to navigate a volatile trading environment, as reflected in the year-to-date (YTD) changes of the indices. The KSE100 and KSE30 indices have risen by 52.99% and 42.36%, respectively, in the calendar year 2024. However, challenges persist, evidenced by the fluctuations in daily trading activities.