Pakistan equities witnessed a big crash on Thursday, with the market rolling back yesterday’s gains into negative territory.
The KSE-100 Index fell by 6,683 points (-3.74 percent), closing the session at 172,170 points. According to Topline Securities, this is by far the worst single-day crash suffered by the main bourse.
During the earlier hours of trade, the main bourse briefly fell by 7,205 points (-4.02 percent) to as low as 171,647.
A total of 229 million shares were traded during the day. The price of shares stood at Rs. 22.16 billion.
Top Volumes
As many as 568 companies transacted their shares in the stock market, 32 of them recorded gains and 384 sustained losses, whereas the share price of 152 companies remained unchanged.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| WTL | 1.4 | 1.57 | 1.36 | -0.15 | 84,183,811 |
| KEL | 7.85 | 8.4 | 7.65 | -0.54 | 62,013,268 |
| TSBLR1 | 0.64 | 0.99 | 0.6 | -0.54 | 45,871,527 |
| BOP | 32.77 | 35.88 | 32.2 | -3.01 | 28,791,603 |
| HASCOL | 19.74 | 21.8 | 19.58 | -2.01 | 15,749,814 |
| NBP | 260.49 | 271.0 | 257.5 | -7.15 | 13,901,568 |
| PIBTL | 18.09 | 19.99 | 17.89 | -1.79 | 13,488,641 |
Why isn’t govt claiming credit
Bro what needs to be claimed as these all reasons are not backed by out gov but global geopolitical situation do some research !!
The PSX dropped mainly because:
Global geopolitical stress increased risk aversion.
Oil price rise added economic pressure.
Foreign and institutional investors sold shares, reducing demand.
Investors engaged in profit-taking after recent gains.
Lower confidence led to panic selling and volatility.