ISLAMABAD: The Pakistan Stock Exchange (PSX) observed a bearish trend on Thursday, with the benchmark KSE-100 Index shedding 360.86 points, reflecting a decline of 0.3 percent.
The market closed at 112,564.08 points, down from 112,924.94 points on the previous trading day.
A total of 596,739,574 shares were entertained during the day as compared to 669,597,325 shares the last working day, whereas the price of shares stood at Rs 30.965 billion against Rs 27.904 billion on the previous trading day.
As many as 445 companies transacted their shares in the stock market, 176 of them registered gains and 221 met losses, whereas the share price of 48 companies remained unchanged.
The three top trading companies were B.O. Punjab with 79,317,612 shares at Rs 11.86 per share followed by Lotte Chemical with 72,104,503 shares at Rs 21.23 per share whereas Power Cement settled with 40,290,839 shares at Rs 10.03 per share.
Ismail Industries Limited recorded a maximum increase of Rs 90.97 per share closing at Rs 1,943.16 whereas Pakistan Services Limited was the runner-up with Rs 64.51 rise in its share price to close at Rs 1,025.10.
Unilever Pakistan Foods Limited witnessed a maximum decline of Rs 441.45 per share price, closing at Rs 23,482.54, whereas the runner-up was Nestle Pakistan Limited with a fall of Rs 63.50 decline in its per share price to Rs 7,366.50.
In a major development, Prime Minister Shehbaz Sharif held a meeting with Kristalina Georgieva, Managing Director (MD) of the IMF, on Tuesday on the sidelines of the World Government Summit (WGS) 2025.
The Prime Minister’s Office (PMO) in a statement said that the meeting focused on Pakistan’s ongoing IMF programme and the macroeconomic stability achieved through the government’s comprehensive reform agenda.
Internationally, the US dollar remained close to a one-week high against the Japanese yen on Thursday, following a stronger-than-expected consumer price report. Meanwhile, the euro was supported by reports that Washington plans to begin talks with Russia to end the war in Ukraine.
US President Donald Trump also announced that he would soon impose reciprocal tariffs on all countries that levy duties on US imports, fuelling concerns about a broader global trade war that could further drive up US inflation.
