Karachi, December 26, 2024: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed in the red zone on Thursday, shedding more than 1,991 points, as ongoing security concerns at the borders continued to affect investor sentiment.
The KSE-100 index dropped 1,991.49 points, or 1.77%, to close at 110,423.32 points, compared to 112,414.81 points on the previous trading day.
A total of 628 million shares were traded on the day, down from 880.6 million shares traded in the previous session. The total value of shares traded amounted to Rs33.58 billion, a decrease from Rs54.46 billion on the last trading day.
Analysts at Topline Securities attributed the market’s decline to a combination of factors, including increased leverage, the expiry of December contracts, and the ongoing security concerns at the borders, which have dampened investor sentiment.
Of the 450 scrips active in the market, 113 saw gains, while 284 recorded losses, and 53 companies’ share prices remained unchanged.
Fauji Foods Ltd was the top-traded company, with 93.34 million shares changing hands at Rs16.39 per share. It was followed by WorldCall Telecom, with 49.88 million shares traded at Rs1.72 per share, and TRG Pak Ltd, which saw 46.91 million shares traded at Rs70.45 per share.
Nestle Pakistan Limited was the top gainer, with a rise of Rs198.81 per share, closing at Rs7,430, followed by Mitchells Fruit Farms Limited, which gained Rs17.44 per share, closing at Rs266.05.
On the downside, Unilever Pakistan Foods Limited recorded the largest decline, dropping Rs232.60 per share to close at Rs20,767. Rafhan Maize Products Company Limited also saw a significant fall, with its share price decreasing by Rs198.10 to close at Rs9,001.
