FLASHNEWS:

Stocks Falter as Market Indices Decline Amid Mixed Performance

Karachi: Pakistan's stock market indices declined on the last trading session, with both the KSE-30 and KSE-100 indices witnessing drops in their levels. The KSE-30 index fell by 110.82 points, or 0.31%, settling at 35,347.19, while the KSE-100 index decreased by 42.36 points, or 0.04%, closing at 114,356.34.

According to JS Global, despite the downturn in indices, some individual stocks showed notable gains. JDW Sugar Mills Limited (JDWS) saw a significant price increase of 7.14%, closing at 834.82. Similarly, Engro Corporation (ENGROH) rose by 4.06% to 186.41, and Service Industries Limited (SRVI) appreciated by 3.56% to 1,485.63.

Conversely, several stocks experienced losses. Treet Corporation Limited (TGL) recorded a decline of 4.89%, ending at 185.83. Fauji Cement Company Limited (FCCL) also dropped by 4.52% to 43.91, and Ghani Global Holdings Limited (GHGL) fell by 4.02% to 35.09.

The market's total capitalization saw a slight reduction, with the Pakistan Stock Exchange's (PSX) market cap decreasing by 0.28% to Rs 14,085.43 billion, equivalent to $50.29 billion.

Trading volume was robust, with a total turnover of 324.65 million shares, valued at Rs 20.70 billion, or $73.93 million. Among the volume leaders, Power Cement Limited (POWER) led with 24.82 million shares traded, followed by Fauji Cement Company Limited (FCCL) with 22.19 million shares.

In the regional context, the market's performance was mixed. While the Philippine Stock Exchange Index (PSI) gained 1.0%, other markets such as India’s BSESN and Indonesia’s JKSE experienced declines of 0.4% and 0.6% respectively.

These movements come amid broader economic conditions and investor sentiment influencing market trends, as stakeholders remain watchful of global economic indicators and domestic developments.