The Pakistan Stock Exchange (PSX) saw a strong bullish trend on Friday as the 100-Index surged by 1,893.08 points, reflecting a positive change of 2.13%, and closed at 90,859.85 points, compared to the previous close of 88,966.77. This substantial uptick demonstrates renewed investor confidence and marks a noteworthy recovery in Pakistan’s financial markets.
Market Activity and Volume
On the trading front, a total of 465,865,841 shares were exchanged throughout the day. This was slightly lower than the previous day’s volume of 546,274,609 shares, indicating a moderate decrease in trading activity. The overall value of traded shares also saw a slight dip, with shares valued at Rs 23.089 billion, compared to Rs 24.117 billion on the last trading day.
A total of 430 companies participated in the trading session. Among these, 220 companies posted gains, 156 reported losses, and 54 remained unchanged, indicating a broadly positive sentiment in the market.
Top Trading Companies
The three most active stocks for the day were:
- Silk Bank Limited: Leading the trading volume with 62,534,221 shares exchanged at Rs 0.94 per share.
- K-Electric Limited: Following with a volume of 57,568,675 shares at Rs 4.67 per share.
- WorldCall Telecom: Trading 27,214,192 shares at Rs 1.22 per share.
These companies’ high trading volumes underscore their continued appeal among investors.
Biggest Gainers and Decliners
Top Gainers:
- Unilever Pakistan Foods Limited emerged as the top performer with a remarkable increase of Rs 572.11 per share, closing at Rs 19,161.11.
- Siemens (Pakistan) Engineering followed, with a per-share increase of Rs 58.62, closing at Rs 1,451.49.
Top Decliners:
- Rafhan Maize Products Company Limited saw the highest decline, dropping by Rs 158.40 per share and closing at Rs 7,541.60.
- Sapphire Fibres Limited also experienced a decrease, losing Rs 61.61 per share and ending at Rs 1,216.11.
Market Outlook
This upturn in the PSX 100-Index illustrates a reinvigorated market environment, potentially driven by favorable economic indicators or investor confidence in the broader market outlook. The gains observed across various sectors underscore positive sentiment and investor optimism, setting an encouraging tone for upcoming sessions. As trading volumes remain strong, market participants will continue to monitor these trends for potential opportunities in the days ahead.
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