FLASHNEWS:

Pakistan Stock Exchange Sees Decline in Key Indices Amid Market Volatility

Karachi: The Pakistan Stock Exchange (PSX) experienced a downturn in its major indices, with the KSE-100 index dropping by 941.03 points, a 0.63% decrease, closing at 147,494.03. The KSE-30 index also saw a decline, ending the day at 44,907.95 points, down by 161.33 points or 0.36%.

Despite the overall negative trend, some stocks emerged as significant gainers. Unilever Pakistan Foods Limited (UPFL) led the pack with its price rising by 6.53% to Rs 32,320.00. Engro Polymer and Chemicals Limited (EPCL) and Pak Elektron Limited (PAEL) also saw increases of 6.02% and 3.11%, respectively.

Conversely, several stocks faced losses, with AGP Limited experiencing the most substantial decline, falling by 6.95% to Rs 190.10. Service Industries Limited (SRVI) and Kohat Cement Company Limited (KOHC) also recorded significant drops, decreasing by 6.42% and 5.69%, respectively.

The market capitalization of the PSX stood at Rs 17,529.59 billion, reflecting a 0.62% decrease. In terms of volume, 856.66 million shares were traded, with a total value of Rs 29.29 billion or approximately $103.92 million.

Regionally, other markets showed mixed results. China's SSEA index fell by 1.8%, while Korea's KOSPI saw a 0.2% increase. India's BSESN index remained stable, and the Indonesian market rose by 0.4%.

The PSX's decline comes amid broader market volatility and uncertainty, reflected in fluctuating regional market performances.