Islamabad, Feb 4: The Pakistan Stock Exchange (PSX) experienced a bearish trend on Tuesday, with the 100-Index shedding 809.63 points, or a 0.72 percent decline. The index closed at 111,935.38 points, down from 112,745.01 points recorded during the last trading session.
On the trading front, a total of 436,325,053 shares were exchanged, marking an increase from the 401,456,556 shares traded on the previous day. The value of the shares transacted stood at Rs. 23.225 billion, up from Rs. 20.351 billion on the prior day, indicating a rise in trading activity despite the overall market downturn.
Out of the 440 companies that participated in the market, 129 saw their share prices rise, while 225 companies recorded losses. The share prices of 56 companies remained unchanged, reflecting a mixed sentiment among investors.
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Among the top traded companies, WorldCall Telecom led with 54,615,977 shares changing hands at Rs. 1.58 per share. Cnergyico PK followed with 21,090,416 shares at Rs. 7.49 per share, while K-Electric Limited came in third with 20,621,518 shares traded at Rs. 4.43 per share.
On the positive side, Sazgar Engineering Works Limited saw the highest increase in share price, rising by Rs. 78.01 to close at Rs. 1,140.96 per share. Bata Pakistan Limited also saw a solid gain, with its share price increasing by Rs. 28.54, closing at Rs. 1,968.16 per share.
Conversely, Rafhan Maize Products Company Limited experienced the biggest drop, losing Rs. 86.15 per share and closing at Rs. 9,397.18. Sapphire Textile Mills Limited followed with a decline of Rs. 39.64, bringing its share price down to Rs. 1,165.68. Overall, the market closed on a negative note, reflecting broader uncertainty in the stock market.
