The Pakistan Stock Exchange (PSX) witnessed a bullish trend on Tuesday, with the 100-index gaining an impressive 796.10 points, marking a positive change of 1.26%. The market closed at 63,799.02 points, surpassing the previous day’s close at 63,002.92 points.
A total of 330,921,598 shares, valued at Rs 15.195 billion, were traded during the day, showcasing a significant increase compared to the last trading day’s 263,547,879 shares, valued at Rs. 10.730 billion. This surge in trading activity reflects growing investor confidence and market participation.
In the dynamic stock market, 336 companies actively transacted their shares. Among them, 230 companies recorded gains, while 79 sustained losses. Share prices of 27 companies remained unchanged, contributing to the overall vibrancy of the market.
The three top-trading companies were PIAC(A), leading with 47,061,500 shares at Rs.10.84 per share, followed by Oil and Gas Development with 23,123,662 shares at Rs.155.57 per share, and Cnergyico PK with 21,272,911 shares at Rs.4.15 per share.
Mari Petroleum Company Limited witnessed a significant increase of Rs.77.73 per share, closing at Rs.2,316.57. Pakistan Services Limited secured the runner-up position with a Rs.39.00 rise in its per share price, closing at Rs.879.00.
Conversely, Attock Petroleum Limited experienced a maximum decrease of Rs.11.88 per share, closing at Rs.397.85. Following closely was Baluchistan Wheel Limited, with a Rs.10.87 decline, closing at Rs.171.13.
The bullish trend and notable share movements indicate the resilience and dynamism of the Pakistan Stock Exchange, providing investors with opportunities and reflecting the ongoing economic activities in the country.
Afsheen is a writer with an extensive experience in creating authentic and well-researched articles.