PSX Pakistan Stock Exchange functions normally in challenging circumstances

PSX rates today 29th December 2023: Market stays bullish

On Friday, the Pakistan Stock Exchange (PSX) witnessed a bullish trend as the 100-index gained 398.81 points, marking a positive change of 0.64 percent. The market closed at 62,451.04 points, surpassing the previous day’s closing at 62,052.24 points.

Trading activity saw 590,592,624 shares, valued at Rs.16.844 billion, changing hands during the day, a notable decrease compared to the last session’s 676,243,466 shares, valued at Rs. 20.278 billion.

Among the 359 companies participating in the stock market, 207 recorded gains, 130 sustained losses, and the share prices of 22 remained unchanged. The top three trading companies included K-Electric Ltd with 141,792,931 shares at Rs.5.26 per share, Fauji Foods with 28,270,145 shares at Rs.11.14 per share, and Worldcall Telecom with 27,871,949 shares at Rs.1.41 per share.

Nestle Pakistan witnessed the highest increase in share price, rising by Rs.203.00 to close at Rs.8,203.00. Following closely was Rafhan Maize, experiencing a Rs.198.00 surge in per share price, reaching Rs.9,998.00.

On the downside, Unilever Pakistan Foods saw the maximum decrease, with a Rs.99.00 drop in share price, closing at Rs.21,900.00. Sapphire Fiber followed with a decline of Rs.42.58, closing at Rs.1,657.05 per share.

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