PSX Pakistan Stock Exchange functions normally in challenging circumstances

Pakistan Stock Exchange (PSX) Shows Bullish Momentum, Gaining 514 Points

In a noteworthy surge, the 100-index of the Pakistan Stock Exchange (PSX) continued its bullish trend on Tuesday, marking a substantial gain of 514.81 points, equivalent to a positive change of 0.81 percent. The market closed at an impressive 64,454.22 points, outshining the previous day’s closing figure of 63,939.41 points.

During the trading session, a total of 425,709,896 shares, valued at Rs.24.995 billion, exchanged hands. This marked a considerable increase compared to the previous day’s trading volume of 298,699,061 shares, valued at Rs.12.515 billion.

A vibrant trading day saw 354 companies actively participating in the stock market. Among them, 209 companies recorded gains, while 127 experienced losses. Additionally, the share prices of 18 companies remained unchanged.

The three leading companies in terms of trading volume were Oil and Gas Development, transacting 52,947,125 shares at Rs.136.50 per share, Fauji Foods Ltd, with 44,935,382 shares traded at Rs.10.92 per share, and K-Electric Ltd, exchanging 28,442,175 shares at Rs.5.46 per share.

Noteworthy individual stock movements included Nestle Pakistan Limited, which witnessed a substantial increase of Rs.80.00 per share, closing at Rs.8,350.00. Mari Petroleum Company Limited secured the runner-up position with a rise of Rs.74.01 per share, closing at Rs.2,502.66.

On the downside, Sapphire Fibres Limited experienced a significant decrease of Rs.120.00 per share, closing at Rs.1,480.00. Philip Morris (Pakistan) Limited also faced a decline, with a Rs.34.89 drop in its per share price, closing at Rs.730.01.

This surge in the PSX reflects the dynamic nature of the market, showcasing positive trends and providing investors with a comprehensive overview of the day’s trading activities.

Check Also

Rupee continues upward trend against dollar

Rupee Gains 16 Paisa Against US Dollar As On 28th February 2024

In a positive turn of events, the Pakistani Rupee demonstrated strength in the financial markets …

Leave a Reply

Your email address will not be published. Required fields are marked *