FLASHNEWS:

Pakistan Stock Exchange Sees Decline as KSE Indices Slide

Karachi: The Pakistan Stock Exchange (PSX) experienced a downturn as its key indices, KSE30 and KSE100, both recorded declines. The KSE30 index closed at 36,283.39, marking a decrease of 281.37 points or 0.77%, while the KSE100 index settled at 118,971.13, a decline of 718.50 points or 0.60%.

The day's top gainers on the KSE100 index included Pakistan Oilfields Limited (POML), which rose by 9.82% to Rs 248.25, and Kohinoor Spinning Mills Limited (KOSM), which increased by 6.31% to Rs 5.39. On the other hand, prominent losers included Kohinoor Textile Mills Limited (KTML), which fell by 5.90% to Rs 159.37, and Lotte Chemical Pakistan Limited (LOTCHEM), which dropped by 2.92% to Rs 20.93.

The market capitalization of PSX saw a 0.42% decrease, standing at Rs 14,331.73 billion, equivalent to $50.84 billion. Despite the daily downturn, the year-to-date figures for fiscal year 2025 show significant growth, with increases of 43.51% for KSE30 and 51.66% for KSE100.

In terms of trading activity, the total volume of shares traded reached 437.92 million, with a total value of Rs 20.81 billion or $73.82 million. Among the volume leaders was PREMA, with 39.63 million shares traded at Rs 49.69.

Regionally, the markets showed mixed results. China's SSEA index rose by 0.4%, while India's BSESN fell by 1.1%. Other regional markets, including Indonesia, Malaysia, and the Philippines, also recorded declines.

These market movements come amid various global economic pressures, as investors remain cautious in the face of fluctuating international market trends and local economic indicators.