BML 5.05 Decreased By ▼ -0.01 (-0.2%)
BOP 13.30 Increased By ▲ 0.30 (2.31%)
CNERGY 7.18 Increased By ▲ 0.06 (0.84%)
CPHL 86.48 Increased By ▲ 0.41 (0.48%)
DCL 14.74 Increased By ▲ 0.07 (0.48%)
DGKC 172.50 Increased By ▲ 3.69 (2.19%)
FCCL 47.71 Increased By ▲ 1.54 (3.34%)
FFL 16.02 Increased By ▲ 0.10 (0.63%)
GCIL 26.86 Decreased By ▼ -0.40 (-1.47%)
HUBC 145.00 Increased By ▲ 3.09 (2.18%)
KEL 5.09 Decreased By ▼ -0.03 (-0.59%)
KOSM 6.84 Decreased By ▼ -0.05 (-0.73%)
LOTCHEM 21.03 Increased By ▲ 0.03 (0.14%)
MLCF 85.92 Increased By ▲ 1.85 (2.2%)
NBP 122.02 Decreased By ▼ -0.36 (-0.29%)
PAEL 42.31 Increased By ▲ 0.13 (0.31%)
PIAHCLA 22.18 Increased By ▲ 0.22 (1%)
PIBTL 9.09 Increased By ▲ 0.10 (1.11%)
POWER 14.15 Increased By ▲ 0.06 (0.43%)
PPL 171.00 Increased By ▲ 1.05 (0.62%)
PREMA 43.89 Increased By ▲ 0.12 (0.27%)
PRL 33.43 Increased By ▲ 0.56 (1.7%)
PTC 24.50 Decreased By ▼ -0.09 (-0.37%)
SNGP 119.60 Increased By ▲ 0.30 (0.25%)
SSGC 45.61 Increased By ▲ 0.44 (0.97%)
TELE 8.21 Increased By ▲ 0.04 (0.49%)
TPLP 10.58 Increased By ▲ 0.25 (2.42%)
TREET 24.38 Increased By ▲ 0.23 (0.95%)
TRG 58.95 Increased By ▲ 0.10 (0.17%)
WTL 1.56 Increased By ▲ 0.01 (0.65%)
BR100 13,650 Increased By 71.5 (0.53%)
BR30 40,079 Increased By 412.5 (1.04%)
KSE100 134,516 Increased By 733.9 (0.55%)
KSE30 40,836 Increased By 154.3 (0.38%)

KARACHI: The Pakistan Stock Exchange (PSX) experienced a bearish close on Tuesday, as key benchmark indices retreated following a session primarily marked by declining scrips.

The benchmark KSE100 Index shed 254.32 points, representing a 0.21 percent dip, to settle at 121,971.04 points. Throughout the day, the index saw fluctuations, reaching a high of 122,891.61 points before bottoming out at 121,815.39 points.

BRIndex100 closed at 13,119.40, gaining 14.06 points or 0.11 percent with a total turnover of 846.78 million shares. On the other hand, BRIndex30 edged down by 12.07 points or 0.03 percent to close at 37,983.10. The total volume on BRIndex30 stood at 527.53 million shares.

Topline Securities noted that the Pakistan Stock Exchange witnessed a volatile session on Tuesday, closely tracking global market cues. Amid growing geopolitical uncertainty surrounding tensions between Iran and Israel, investors remained cautious, leading to a lack of clear direction throughout the session, it added. Sentiment stayed fragile as the market struggled to find firm footing.

On the upside, index-heavyweights UBL, HBL, SYS, and OGDC provided some support, jointly contributing 219 points. However, losses in PKGP, LUCK, ENGROH, and HUBC offset those gains, dragging the index down by a combined 291 points.

Market sentiment was predominantly negative in the Ready Market, where 244 companies witnessed declines against 193 advances and 36 scrips remained unchanged, out of a total of 473 traded entities.

Trading activity remained robust, though overall turnover saw a slight moderation from the previous day. Total turnover in the Ready Market stood at approximately 1.15 billion shares, down from 1.22 billion shares on June 16, yet it generated a higher traded value of roughly Rs 27.98 billion, compared to Rs 25.75 billion previously. This suggests higher-priced scrips saw increased activity.

The market capitalization for the Ready segment experienced a contraction of approximately Rs 21.28 billion on Tuesday. It settled at approximately Rs 14.780 trillion, down from Rs 14.801 trillion on the previous trading day.

WorldCall Telecom led the volumes chart with 239.76 million shares, closing at Rs 1.61. Pervez Ahmed Co followed with a turnover of 97.49 million shares, settling at Rs 3.88. Sui Southern Gas traded 49.86 million shares, ending the session at Rs 44.82.

Notable performers by rate change in the Ready Market included Macter International Limited, which saw a significant increase of Rs 42.47 per share to close at Rs 467.18, and S.S.Oil Mills Limited, which rose by Rs 39.02 to close at Rs 794.89. Conversely, PIA Holding Company LimitedB experienced a sharp decline of Rs 1700.02, ending at Rs 15300.17, while Khyber Textile Mills Limited decreased by Rs 158.06 to close at Rs 1457.04.

The BR Automobile Assembler Index closed at 20,776.31 points, experiencing a net negative change of 20.06 points, or 0.1 percent, on a total turnover of 5.14 million shares.

The BR Cement Index closed at 10,374.63 points, recording a net negative change of 64.29 points, or 0.62 percent, with a total turnover of 64.71 million shares.

Conversely, the BR Commercial Banks Index concluded the session at 36,869.31 points, showing a positive change of 126.64 points, or 0.34 percent, and a total turnover of 127.86 million shares.

The BR Power Generation and Distribution Index experienced a negative change of 532.89 points or 2.43 percent and finished at 21,412.27 points on a turnover of 24.19 million shares.

Conversely, the BR Oil and Gas Index concluded the session at 11,726.24 points, registering a positive change of 14.63 points, or 0.12 percent, with a turnover of 82.58 million shares.

The BR Technology & Communication Index also settled positively at 2,946.79 points, up by 13.67 points, or 0.47 percent, on a robust turnover of 294.99 million shares.

According to Ahsan Mehanti of Arif Habib Corporation, PSX experienced a downturn, with stocks closing lower amidst a broader rout in global equities. This decline was primarily driven by geopolitical uncertainty and the State Bank of Pakistan’s (SBP) status quo on the key policy rate, influenced by the inflationary impact of the ongoing Israel-Iran conflict. Further exacerbating the negative sentiment at PSX was a weakening rupee, fueled by Middle East tensions and rising imports.

Copyright Business Recorder, 2025

Comments

Comments are closed.