The Pakistan Stock Exchange witnessed a strong bearish trend as the benchmark KSE-100 Index dropped sharply by 5,149.79 points. This decline showed a negative change of 2.87 percent, highlighting strong selling pressure across the market.
By the end of the trading session, the index closed at 174,453.94 points, compared to 179,603.73 points in the previous session. This sharp fall surprised many investors and raised concerns about market stability.
Despite the decline, trading activity remained high. A total of 773.291 million shares were traded, with a total value of Rs46,242,000,000. In comparison, the previous session recorded 708.968 million shares worth Rs38,887,000,000. This shows that investors remained active even during the market fall.
The overall market capitalization also declined significantly. It dropped to Rs19,781,000,000,000 from Rs20,359,000,000,000, showing a major reduction in the total value of listed companies.
Out of 487 active companies, only 65 companies recorded gains, while 378 companies saw losses and 44 remained unchanged. This shows that the majority of stocks were under heavy selling pressure.
K-Electric Limited led the volume chart with 63.826 million shares traded. It was followed by WorldCall Telecom with 62.243 million shares and The Bank of Punjab with 56.166 million shares.
Among the companies that gained value, S.S. Oil Mills Limited increased by Rs47.34 to close at Rs520.77, while Service Industries Limited rose by Rs25.11 to close at Rs1,850.01.
Read more: Ramazan price hike raises worries as fruit, vegetables become costly
On the losing side, Unilever Pakistan Foods Limited suffered a major drop of Rs579.33, closing at Rs26,675.17. PIA Holding Company LimitedB also declined sharply by Rs355.99, closing at Rs18,339.00.
In the futures market, trading volume reached 194.367 million shares with a total value of Rs11,955,000,000. In comparison, the previous session recorded 163.081 million shares worth Rs8,262,000,000. Out of 322 companies in the futures market, only 12 recorded gains, while 309 declined and one remained unchanged.
This sharp fall shows investors were nervous and selling quickly. Market confidence appears weak at the moment. Large declines often reflect economic or political uncertainty. Investors may wait for stability before buying again. The next few sessions will be very important for market direction.
