KARACHI: The Pakistan Stock Exchange (PSX) maintained its bearish trend on Tuesday, with the benchmark KSE-100 index dropping by 1,489.96 points at market close.
The KSE-100 Index fell by 1,489.96 points, or 1.31%, closing at 112,030.36 points, compared to 113,520.32 points from the previous trading day.
Analysts at Topline Securities attributed the negative sentiment to the January rollover and disappointing results, which added pressure on the market.
“Despite the decline, overall market activity remained strong,” they noted.
A total of 517 million shares were traded, up from 494 million shares on the prior trading day. The value of shares traded stood at Rs 29.209 billion, compared to Rs 25.94 billion on the previous day.
A total of 438 companies traded shares, with 95 recording gains, 280 reporting losses, and 63 remaining unchanged.
The top three traded companies were WorldCall Telecom, with 67 million shares at Rs 1.69 per share, Sui South Gas, with 29 million shares at Rs 38.14 per share, and Cnergyico PK, with 28 million shares at Rs 7.36 per share.
Rafhan Maize Products Limited saw the highest increase, gaining Rs 99.99 per share to close at Rs 9,299.99, while Lucky Core Industries Limited followed with a rise of Rs 29.85, closing at Rs 1,175.22.
Hoechst Pakistan Limited experienced the largest decrease, losing Rs 66.70 per share, closing at Rs 3,000, with Pakistan Engineering Company Limited coming second with a decline of Rs 53.44, ending at Rs 707.83.
