Islamabad, Jan 29: The Pakistan Stock Exchange (PSX) faced another challenging day on Tuesday, with the 100-Index dropping 1,489.96 points, or a 1.31% decline. This brought the index down to 112,030.36 points, compared to 113,520.32 points from the previous session.
The day’s trading volume saw 517,804,378 shares exchanged, slightly higher than the 494,003,725 shares traded on the prior day. The total value of these shares stood at Rs. 29.209 billion, up from Rs. 25.940 billion the day before.
Out of the 438 companies that participated in the market, 95 saw their share prices rise, while 280 companies experienced a decline, and 63 remained unchanged. This wide spread of gains and losses highlights the volatility of the market.
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Among the top traded stocks, WorldCall Telecom led the pack with 67,917,203 shares changing hands at Rs. 1.69 per share. Sui South Gas followed with 29,454,322 shares traded at Rs. 38.14 per share, and Cnergyico PK rounded out the top three with 28,426,632 shares at Rs. 7.36 per share.
On the positive side, Rafhan Maize Products Limited saw the highest increase in its share price, rising by Rs. 99.99 to close at Rs. 9,299.99. Lucky Core Industries Limited also performed well, gaining Rs. 29.85 to settle at Rs. 1,175.22.
However, some companies experienced significant losses, with Hoechst Pakistan Limited witnessing the largest drop of Rs. 66.70, closing at Rs. 3,000. Meanwhile, Pakistan Engineering Company Limited saw a decline of Rs. 53.44, closing at Rs. 707.83.
