PSX Pakistan Stock Exchange functions normally in challenging circumstances

Pakistan Stock Exchange (PSX) Index Sees Bullish Momentum, Gains 366.72 Points

The Pakistan Stock Exchange (PSX) continued its positive trend on Friday, with the 100-index gaining 366.72 points, signifying a remarkable increase of 0.73 percent. The market closed at 50,731.87 points, in contrast to the previous day’s closing at 50,365.15 points.

Market Activity

A total of 430,052,557 shares, valued at Rs 14.611 billion, were actively traded during the trading session, reflecting the vibrancy of the market. This was a slight uptick from the previous day when 427,476,593 shares, worth Rs 14.593 billion, were traded.

Market Performance

During the trading day, a total of 350 companies participated in the stock market. Among them, 188 recorded gains, demonstrating the market’s bullish sentiment, while 145 companies experienced losses. The share prices of 17 companies remained unchanged, reflecting stability in the market.

Top-Trading Companies

The three top-trading companies that contributed significantly to the market’s activity were:

  1. Pak Refinery: With 42,467,382 shares traded at Rs 18.13 per share.
  2. K-Electric Ltd: Trading 35,749,829 shares at Rs 3.26 per share.
  3. WorldCall Telecom: Witnessing significant trading activity with 31,023,989 shares traded at Rs 1.28 per share.

Notable Price Changes

Pak Hotels XD recorded a substantial increase in its share price, rising by Rs 35.72 to close at Rs 512.25. Following closely was Murree Brewery XD, which experienced a Rs 18.67 increase in its per-share price, closing at Rs 267.66.

On the downside, Nestle Pakistan saw a significant decrease in its share price, dropping by Rs 190.00 to close at Rs 7,200.00. Pak Tobacco also experienced a decline, with its share price falling by Rs 37.60 to close at Rs 737.33.

The Pakistan Stock Exchange’s positive momentum and the notable increase in the 100-index points reflect the resilience and optimism in the market. The increased trading activity and the majority of companies recording gains signify a positive sentiment among investors. While there were both winners and losers in the market, the overall trend is indicative of a buoyant stock exchange in Pakistan, providing opportunities for investors to engage in the dynamic world of stocks and shares.

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