PSX Rates Today 9th July 2024: Bullish Trend Continues

The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Tuesday, with the 100-index gaining 105.86 points, reflecting a positive change of 0.13 percent. The index closed at 80,672.06 points, up from the previous day’s closing of 80,566.21 points.

Trading Volume and Value

The trading volume saw a significant increase, with a total of 610,264,015 shares traded compared to 261,649,614 shares the previous day. The total value of shares traded also surged, reaching Rs 24.317 billion against Rs 13.024 billion on the last trading day. This substantial rise in both volume and value indicates increased investor confidence and activity in the market.

Market Activity

A total of 450 companies transacted their shares in the stock market. Out of these, 216 companies recorded gains, 190 sustained losses, while the share prices of 44 companies remained unchanged. This distribution highlights a predominantly positive market sentiment with a substantial number of companies witnessing an increase in their share prices.

Top Trading Companies

The three top trading companies by volume were:

  1. K-Electric Limited: Traded 51,026,149 shares at Rs 4.91 per share.
  2. Bank of Punjab: Traded 43,339,979 shares at Rs 5.93 per share.
  3. WorldCall Telecom: Traded 40,773,147 shares at Rs 1.24 per share.

Biggest Gainers

  • Sazgar Engineering Works Limited: Witnessed the maximum increase in share price, rising by Rs 94.89 per share to close at Rs 1,093.78.
  • Unilever Pakistan Foods Limited: Followed closely with a rise of Rs 89.99 per share, closing at Rs 18,289.99.

Biggest Losers

  • Rafhan Maize Products Company Limited: Experienced the maximum decrease in share price, falling by Rs 73.00 per share to close at Rs 7,616.11.
  • Nestle Pakistan Limited: Saw a decline of Rs 55.19 per share, ending the day at Rs 6,999.96.

The PSX’s performance today reflects a continued bullish trend with a notable increase in both trading volume and value. The market’s overall positive sentiment is evident from the substantial gains recorded by a majority of the companies. As investors continue to engage actively, the PSX remains a vibrant and dynamic market, presenting opportunities for growth and investment.

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