Investors face sharp losses in billions as PSX plunges over 2,000 points
File photo
File photo
KARACHI (Web Desk): The Pakistan Stock Exchange (PSX) faced a major setback on Tuesday as the KSE-100 Index dropped by 2,062.78 points or 1.27 percent, closing at 160,101.03 points compared to the previous day’s 162,163.81 points.

A total of 476 companies participated in the day’s trading session. Out of these, 113 recorded gains, 324 suffered losses, while 39 remained unchanged, showing a clear dominance of negative sentiment across the market.

The total trading volume in the ready market rose slightly to 1,018.74 million shares from 1,006.69 million a day earlier. Meanwhile, the traded value also increased to Rs36.94 billion compared to Rs34.82 billion, even as the market capitalization dipped sharply to Rs18.46 trillion from Rs18.70 trillion.

K-Electric Ltd. remained the most traded stock with 94.59 million shares, followed by WorldCall Telecom with 83.30 million and the Bank of Punjab with 60.38 million shares.

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Among the major gainers, Otsuka Pakistan Limited rose by Rs30.83 to close at Rs347.99, while Service Industries Limited gained Rs23.99 to finish at Rs1,442.43. On the losing side, PIA Holding Company Limited B plunged by Rs543.93 to Rs24,000.01, and Khyber Textile Mills Limited dropped by Rs123.79 to settle at Rs1,847.71.

In the futures market, 328 companies were active, with 63 witnessing gains, 264 declining, and one remaining unchanged. K-Electric (NOV) led the futures trading with 26.53 million shares, followed by WorldCall Telecom (OCT) with 25.55 million shares and K-Electric (OCT) with 23.87 million shares.

The PSX faced intense selling pressure as investors rushed to offload holdings amid weak market confidence. The fall of over 2,000 points shows deep uncertainty, driven by economic worries and profit-taking. Despite the rise in trading volume, investor sentiment remains shaky. Unless positive economic cues emerge soon, volatility is expected to persist in the coming sessions.