Tuesday 27 August 2024

Stock Market Update: PSX Drops 486 Points

 On Tuesday, the Pakistan Stock Exchange (PSX) saw a decline in its 100-Index, losing 486.82 points, which represents a 0.62 percent drop. The index closed at 78,084.24 points, down from 78,571.06 points on the previous trading day.



The trading volume for the day was 591.5 million shares, up from 512.3 million shares traded the day before. However, the total value of traded shares decreased to Rs 17.18 billion, compared to Rs 18.89 billion on the last trading day.


Out of 436 companies that traded their shares, 163 recorded gains, 222 saw declines, and the share prices of 51 companies remained unchanged.


The most actively traded companies included Kohinoor Spinning with 74.3 million shares at Rs 11.57 per share, WorldCall Telecom with 47.3 million shares at Rs 1.26 per share, and Cnergyico PK with 43.9 million shares at Rs 3.98 per share.


Hallmark Company Limited saw the highest increase in its share price, gaining Rs 56.87 to close at Rs 625.57 per share. Mari Petroleum Company Limited followed with a Rs 50.90 increase, closing at Rs 3,301.72 per share.


On the downside, PIA Holding Company Limited experienced the largest decrease, dropping Rs 73.63 per share to close at Rs 847.50. Rafhan Maize Products Company Limited also saw a significant decline, with its share price falling by Rs 46.99 to close at Rs 7,388.00.

Disclaimer: This blog is intended for educational purposes only and should not be considered as financial advice. Always conduct your own research or consult a financial advisor before making any investment decisions.

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