Pakistan Stock Exchange sees sharp decline in share prices – SUCH TV

Pakistan Stock Exchange (PSX) on Friday saw a sharp decline in share prices on the last day of the trading week amid profit-taking by investors.

After a brief period of gains at the market’s opening, the KSE-100 experienced a sharp decline.

It lost over 1467.24 points or -0.74 percent, falling to 186,364.84, losing three key psychological levels during the trading session.

Investors are closely watching the market amid the ongoing volatility.

Out of 564 active companies in the ready market, 163 advanced, 267 declined, while 134 remained unchanged.

On Wednesday, the benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX)witnessed a bullish trend, gaining 931.34 points, a positive change of 0.50 percent, to close at 187,832.08 points.

During the session, the ready market recorded a trading volume of 1,195.264 million shares with a traded value of Rs 44.102 billion, against 848.559 million shares valuing Rs 50.026 billion in the previous session.

Out of 483 active companies in the ready market, 246 advanced, 188 declined, while 49 remained unchanged.

K-Electric Limited topped the volume chart with 590.867 million shares, followed by Waves Home Appliances with 36.307 million shares and First National Equities with 32.938 million shares.

The top gainers included Nestle Pakistan Limited, which rose by Rs 75.39 to close at Rs 7,906.13, and Unilever Pakistan Foods Limited, which gained Rs 68.36 to settle at Rs 27,208.17.

On the losing side, Blessed Textiles Limited declined by Rs 67.48 to close at Rs 607.29, while Sazgar Engineering Works Limited fell by Rs 30.58 to close at Rs 2,271.47.