PSX Pakistan Stock Exchange functions normally in challenging circumstances

PSX Summary 16th May 2023: Market gains 287.82 points

The 100-index of the Pakistan Stock Exchange (PSX) on Tuesday witnessed a bullish trend gaining 287.82 points, with a positive change of 0.69 per cent, closing at 42,006.25 against 41,718.43 points on the previous day.

A total of 196,243,549 shares valuing Rs 5.768 billion were traded during the day as compared to 109,172,310 shares valuing Rs 3.370 billion the previous day.

As many as 317 companies transacted their shares in the stock market; 176 of them recorded gains and 115 sustained losses, whereas the share price of 26 companies remained unchanged.

The three top-trading companies were PTCL with 15,602,500 shares at Rs 6.75 per share, WorldCall Telecom with 14,050,017 shares at Rs 1.15 per share, and Hum Network with 12,681,500 shares at Rs 5.69 per share.

Bhanero Tex witnessed a maximum increase of Rs 73.58 per share price, closing at Rs 1054.58, whereas the runner-up was Pak Services with a Rs 50.00 rise in its per share price to Rs 790.00.

Unilever Foods witnessed a maximum decrease of Rs 200.00 per share closing at Rs 20800.00, followed by Premium Tex with a Rs 38.98 decline to close at Rs 480.78.

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