Islamabad, Jan 8: The Pakistan Stock Exchange (PSX) witnessed a significant downturn on Wednesday as the benchmark 100-Index shed 1,904.23 points, marking a negative change of 1.64%. The index closed at 114,148.46 points, a stark decline from the previous day’s 116,052.68 points, reflecting heightened bearish sentiment among investors.
Trading activity also saw a considerable drop, with 116,052.68 shares exchanged during the day compared to 792,770,655 shares on the prior session. The total trading value stood at Rs 32.466 billion, notably lower than the Rs 39.694 billion recorded a day earlier. Out of 464 companies trading, 118 managed to post gains, while 293 faced losses, and 53 remained unchanged.
Leading the trading volume were WorldCall Telecom, which traded 520,199,852 shares at Rs 1.79 per share, followed by Cnergyico PK with 41,301,063 shares at Rs 7.00 per share, and Fauji Foods Limited, which saw 34,830,810 shares change hands at Rs 17.64 per share.
In terms of share price movements, JDW Sugar Mills Limited recorded the highest gain of the day, surging by Rs 82.27 to close at Rs 904.95. Rafhan Maize Products Company Limited followed closely, with its share price rising by Rs 67.77, closing at a remarkable Rs 8,954.94. Conversely, Hallmark Company Limited experienced the steepest decline, losing Rs 68.23 to settle at Rs 789.61, while Nestle Pakistan Limited fell by Rs 61.85, closing at Rs 7,282.23.
This sharp decline in the PSX reflects growing investor concerns amidst economic and market uncertainties, underscoring the fragile state of confidence in the country’s financial landscape.
