ISLAMABAD: After going up for over 300 points last day, the 100-index of the Pakistan Stock Exchange (PSX) continued its bullish trend on Thursday while further gaining 394.47 points with a positive change of 0.85 percent. At the closing of the business, the index settled at 47,077.00 points against 46,682.53 points the last day.
It’s also worth noting that the 100 index surpassed that psychological benchmark of 47 thousand for the first time during the last 20 months.
On Thursday, 455,106,081 shares were transacted as compared to 429,515,564 shares the previous day, whereas the price of shares stood at Rs 17.879 billion compared to Rs 14.137 billion on Wednesday.
Bullish Trend at PSX
In total, 344 companies traded their shares in the stock market, 146 of them witnessed gains, and 182 sustained losses, whereas the share price of 16 companies closed without a change.
WorldCall Telecom settled as the leader among the three top-trading companies with 40,150,185 shares at Rs 1.39 per share and K-Electric Ltd with 30,225,712 shares at Rs.2.30 per share followed by Oil and Gas Dev with 28,511,229 shares at Rs 91.67 per share.
Rafhan Maize witnessed a maximum appreciation of Rs 250.00 per share price, closing at Rs 8,650.00 whereas Nestle Pakistan settled as the runner-up with an increase of Rs 90.00 in its per share price to Rs 6,890.00.
Faisal Spinning witnessed a maximum decline of Rs 29.47 per share closing at Rs 363.44, followed by Pak Tobacco with a decrease of Rs 15.12 to close at Rs 679.89.
