PSX Pakistan Stock Exchange functions normally in challenging circumstances

PSX reports bullish trend on 1st day of the year 1st January 2024

On the first trading day of the year, January 1st, 2024, the Pakistan Stock Exchange (PSX) experienced a notable bullish trend, with the 100-index gaining 2,210.74 points. This positive change of 3.54 percent propelled the index to close at 64,661.78 points, showcasing a significant upswing from the previous day’s closing at 62,451.04 points.

Throughout the trading day, a substantial total of 625,147,050 shares, amounting to Rs.18.525 billion, were traded. This marked an increase compared to the last trading day, which saw 590,592,624 shares valued at Rs.16.844 billion changing hands.

In the dynamic market scenario, a total of 380 companies actively participated, with 328 companies recording gains, 37 sustaining losses, and the share prices of 15 remaining unchanged.

The top three trading companies included K-Electric Ltd, trading 76,430,706 shares at Rs.5.44 per share; WorldCall Telecom, trading 61,550,634 shares at Rs.1.57 per share; and Cnergyico Pk, trading 54,945,823 shares at Rs.5.29 per share.

Among individual stock performances, Unilever Pakistan Foods exhibited the most significant increase, with a per-share price surge of Rs.300.00, closing at Rs.22,200.00. Following closely, Hoechst Pakistan observed a rise of Rs.88.47 per share, concluding at Rs.1,288.47.

On the downside, Blessed Textiles experienced the most substantial decrease, with a Rs.19.99 per share decline, closing at Rs.320.01. Bata Pakistan followed with a decline of Rs.10.08 per share, reaching a closing price of Rs.1,722.15.

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