ISLAMABAD: Selling pressure returned at the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 Index shedding over 700 points.
By the close of the trading, the stock market settled at 122,046.46, marking a decline of 715.18 points or 0.58%.
On Thursday, a total of 758,542,306 shares were traded at the Pakistan Stock Exchange as compared to 749,799,164 shares on the last working day, whereas the price of shares stood at PKR 29.934 billion against PKR 28.030 billion on the previous trading day.
As many as 473 companies transacted their shares in the stock market, 200 of them recorded gains, and 237 met losses, whereas the share price of 36 companies remained unchanged.
The three top trading companies were Pak Int. Bulk with 37,503,501 shares at PKR 8.52 per share, WorldCall Telecom with 33,285,442 shares at PKR 1.45 per share, and Pervez Ahmed Co with 32,962,174 shares at PKR 3.29 per share.
PIA Holding Company LimitedB witnessed a maximum increase of PKR 1,214.65 per share, closing at PKR 13,361.18, whereas the runner-up was S.S.Oil Mills Limited with PKR 71.57 rise in its share price to close at PKR 787.28.
Ismail Industries Limited witnessed a maximum decrease of PKR 125.74 per share price, closing at PKR 1,804.26, whereas the runner-up was Pakistan Services Limited with PKR 77.38 decline in its per share price to PKR 849.03.
On Wednesday, the Pakistan Stock Exchange (PSX) experienced a mixed trading session, buoyed by improving investor confidence following reduced tensions in the Middle East.
This marked the second consecutive day of gains for key indices, with overall market activity remaining robust.
The benchmark KSE-100 Index advanced by 515 points, or 0.42%, closing at 122,761.64 points.
On the international front, Asian markets faltered on Thursday, while oil prices held steady and the euro hovered near a three-and-a-half-year high.
Investors remained cautious amid ongoing geopolitical, economic, and fiscal uncertainties, particularly as they awaited US President Donald Trump’s decision on upcoming tariffs.
Global markets found some relief in a ceasefire between Israel and Iran, which has so far held firm.
This development eased concerns over potential disruptions to the global oil supply, helping to support overall market sentiment.
