ISLAMABAD: The 100-Index of the Pakistan Stock Exchange (PSX) observed a bullish trend on Thursday, gaining 499.05 points, a positive change of 0.54 percent. At close the 100-index settled with 92,520.49 points as compared to 92,021.44 points on the last trading day.
A total of 678,788,064 shares were entertained during the day as compared to 889,166,479 shares the previous trading day, whereas the price of shares stood at Rs 24.827 billion against Rs. 30.474 billion on the last trading day.
As many as 449 companies traded their shares in the stock market, 257 of them registered gains and 145 met losses, whereas the share price of 47 companies remained unchanged.
The three top trading companies were Bank of Punjab with 62,920,538 shares at Rs 6.57 per share followed by Kohinoor Spinning with 46,527,930 shares at Rs 7.83 per share and K-Electric Limited settled with 34,718,470 shares at Rs.4.80 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs.86.32 per share price, closing at Rs 8,986.99, whereas Hoechst Pakistan Limited was the runner-up with Rs 48.07 rise in its per share price to Rs 2,401.07.
Rafhan Maize Products Company Limited witnessed a maximum decline of Rs 101.45 per share closing at Rs 7,305.21 followed by Bhanero Textile Mills Limited with a decrease of Rs 50.09 to close at Rs 782.05.
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During the last couple of weeks, the Pakistan Stock Exchange witnessed a remarkable bullish trend.
Meanwhile, the International Monetary Fund (IMF) staff, led by Nathan Porter, is scheduled to visit Pakistan between November 11-15 t to discuss Extended Fund Facility (EFF) programme performance to date.
It is to be noted that this visit is not part of the first review under the $7 billion EFF, which will be no earlier than the first quarter of 2025. The IMF staff would hold talks with the finance minister, chairman Federal Board of Revenue (FBR), State Bank of Pakistan (SBP) and other relevant ministries including energy.
International Monetary Fund (IMF) Representative Esther Perez Ruiz had also praised Pakistan’s efforts to improve living standards and achieve macroeconomic stability in the country.
While speaking at the Sustainable Development Policy Institute in Islamabad last month, Ruiz commended the steps taken by the government in 2023 to stabilize the economy, noting that the situation is improving gradually. – APP
