KSE-100 loses 1,379 points

#KSE100 #loses #points

KARACHI: Pakistan Stock Exchange (PSX) saw a sharp decline on Wednesday. Between the World Trade War and US prices for Pakistan, the benchmark KSE-100 index sank by 1,379 points. US President Donald Trump has announced a 90 -day break when the news is mutual and 10 % of Universal tariffs have arrived a few hours after the market closed.

The index fell by 1,379.28 points, or 1.19 percent, up 114,153.16 points, lower than 115,532.43 points in the final session. The highest index of the day was 115,092.12 points, while the lowest level was recorded at 112,891.49 points.

“Stocks fell sharply between the decline in global equality and the global trade war,” said Ahsan Mahani, an analyst at Arif Habib Corporation, Ahsan Mahani, said Ahsan Mahani. He said that a weak rupee and uncertainty on the results of the US tariff Levies on Pakistan’s exports played a catalist role near PSX.

The KSE -30 index decreased by 461.26 points or 1.29 percent, 35,661.68 points, 35,200.42 points. Trade shares fell by 530.694 million shares to 82 million shares by 448.693 million shares. The commercial value is reduced from Rs 26.585 billion to Rs 33.676 billion. Market Capital is limited to Rs 13.984 trillion as compared to Rs 14.139 trillion. Of the 450 companies operating in the session, 118 were closed in green, 281 in red, and 51 changed.

Topline securities analyst Mazl Millah said the Pakistan Stock Exchange is under special pressure, as uncertainty over the possible US tariff measures in global financial markets is increasing. According to the negative trend observed in international equities, the local course intensified the fluctuations throughout the session. The Benchmark KSE-100 Index experienced significant intra-pressure pressure against 2,640 points during the session. Although some recovery was seen in the last half of the day, the index was eventually fixed at 114,153 points, which fell a net of 1,379 points or 1.19 percent.

The huge drag on the index came from UBL, Engro, OGDC, PPL, and Sis, which collectively had a negative effect of 639 points. According to the price, Mari (Rs 3.87 billion), PSO (Rs 1.36 billion), DGC (RS 1.28 billion), OGDC (RS1.28 billion) (RS1.28 billion) dominated trade activity.

Philip Morris (Pakistan) Limited recorded the highest increase, which increased from Rs 118.82 to Rs 1,307.02 per share, followed by PIA Holding Company Limited B, which increased by Rs 97.76 per share to Rs 1,102.34. A significant reduction was noted in Hutchist Pakistan Limited, which was reduced by Rs 134.31 to Rs 3,055.69 per share. Service Industries Limited followed this, which was reduced from Rs 60.23 to Rs 932.40 per share.

JS Global analyst Mohammad Hassan Ahar said that the misery was due to promoting political uncertainty, concerns over economic reforms, which have created tensions in the global markets. “The market violated several psychological thresholds, which promoted investors’ problems.

He said that unless there is much explanation on both political and economic fronts, the market route will remain unstable. He advised that “stakeholders should be carefully contacted in the midst of these uncertainty.

KK Electric Limited remained a volume leader with 54.549 million shares, which closed at Rs 4.21 per share, less than 7 paise. With 51.834 million shares, Sarnarjico PKK followed it, which shut down 8 bucks to Rs 8.32 per share.

The other important business includes PIA Holding Co., Attaver Limited, Maple Leaf, World Calle Telecom, PTCL, Pak Int Bulk, Bo Punjab XD and military cement. In the futures market, 312 companies recorded the trade, out of which 63 increased, 247 declined and 2 changed.