The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued its bearish trend on Tuesday, losing over 1,590 points, marking a negative change of 0.93 percent and closing at 168,916.22 points against 170,506.31 points from the previous trading day. According to PSX data, during the session, the ready market recorded a trading volume of 1.017 billion shares with a traded value of Rs 32.031 billion, compared to 1.103 billion shares valuing Rs 31.044 billion in the previous session.
The market capitalization declined to Rs18.685 trillion from Rs18.869 trillion on the prior trading day. Out of 485 active companies in the ready market, 106 advanced, 346 declined, and 33 remained unchanged. Cnergyico PK topped the volume chart with 154.128 million shares traded, followed by Hascol Petrol with 113.570 million shares and K-Electric Limited with 107.548 million shares.
Among the top gainers were Khairpur Sugar Mills Limited, which increased by Rs98.38 to close at Rs1,082.21, and Premium Textile Mills Limited, which gained Rs32.00 to settle at Rs500.00. On the losing side, PIA Holding Company Limited declined by Rs599.00 to close at Rs18,801.00, while Unilever Pakistan Foods Limited fell by Rs324.00 to close at Rs26,268.00.
In the futures market, 321 companies traded, of which 42 recorded gains, 277 declined, and 2 remained unchanged, according to PSX data.
The bearish trend continues to weigh on investor sentiment, with analysts attributing it to a combination of factors including geopolitical tensions, economic uncertainties, and profit-taking by investors. Market watchers are closely monitoring the situation for any signs of stabilization or recovery in the near future.
