ISLAMABAD: The Pakistan Stock Exchange (PSX) experienced a volatile session on Tuesday, with the benchmark KSE-100 Index closing 178 points lower due to profit-taking.
The index settled at 114,177.66, marking a decline of 0.16 per cent, as selling pressure was observed in key sectors including automobile assemblers, cement, commercial banks, oil marketing companies, power generation, and refinery.
Index-heavy stocks including ARL, PRL, POL, MCB and NBP trade in the red.
Contrary to expectations, the State Bank of Pakistan (SBP) on Monday maintained its policy rate for the first time since June 2024.
In another key development, the International Monetary Fund (IMF) mission and Pakistani authorities on Monday held discussions on agricultural income tax.
On Tuesday a total of 318,518,329 shares were entertained as compared to 324,654,460 shares the last working day, whereas the price of shares stood at Rs 22.883 billion against Rs 20.704 billion on the previous trading day.
As many as 438 companies transacted their shares in the stock market,132 of them registered gains and 233 met losses, whereas the share price of 73 companies remained unchanged.
The three top trading companies were Sui South Gas with 26,385,255 shares at Rs 37.03 per share followed by Bank of Punjab with 22,122,890 shares at Rs 13.16 per share whereas WorldCall Telecom settled with 18,118,609 shares at Rs1.33 per share.
Macter International Limited witnessed a maximum increase of Rs 32.34 per share closing at Rs 355.73 whereas Premium Textile Mills Limited was the runner-up with Rs 29.90 increase in its share price to close at Rs 439.90.
Unilever Pakistan Foods Limited witnessed a maximum decline of Rs 412.91 per share price, closing at Rs 23,286.00, whereas the runner-up was PIA Holding Company Limited B with a fall of Rs 82.23 in its per share price to Rs 809.20.
On Monday, PSX witnessed a volatile session, as the benchmark KSE-100 Index closed on a flat note amid last-hour profit-taking, settling at 114,356.34.
Asian stocks followed Wall Street’s lead and dropped sharply on Tuesday as concerns grew that a widespread trade war could harm U.S. economic growth and trigger a recession, prompting nervous investors to seek the safety of the Japanese yen.
