PSX Today: KSE-100 Falls 784 Points, KMI-30 Drops 986 Points

The Pakistan Stock Exchange (PSX) continued to trade in a bearish tone on the last trading day of October, with the benchmark KSE-100 index closing down 784 points after gaining nearly 4,800 points in four consecutive sessions.

The KSE-100 index closed at 166,409.25 points at the close of business on Friday, October 30, down 784.18 points or 0.47 percent from the previous trading session.

According to Pakistan Stock Exchange data, the index touched a high of 167,338.72 points during the trading session, while its low was 166,326.69 points.

The KMI-30 index, which tracks the performance of selected companies according to Islamic principles, also closed in the negative zone. It recorded a decline of 986.41 points or 0.41 percent, after which the index fell to 237,971.74 points.

Similarly, the KMI All Share Index closed at 65,023.97 points after a decline of 312.08 points or 0.48 percent.

According to market data, a total of about 825.5 million shares were traded on the last trading day, worth Rs 23.12 billion.

During the trading session, the share prices of 173 companies increased, 300 decreased, while the prices of 28 companies remained unchanged. These figures indicate widespread selling pressure in the market.

Overall, the month of October proved to be negative for the Pakistan Stock Market. The KSE-100 index fell by about 3,500 points on a monthly basis.

The highest level of the index during the month was 170,688 points, while the lowest level was 161,250 points.

During the month, about 10.25 billion shares were traded in the stock market, with a total value of about Rs 450 billion.

Market capitalization also decreased by Rs 538 billion on a monthly basis to Rs 18,388 billion.

The decline on the last day after the surge in recent trading sessions indicates that investors preferred to sell shares to take profits. However, the overall market trend will be determined by the buying and selling pressure in the upcoming trading sessions.