Pakistan Stock Exchange Turns Around to Bullish Trend, Gains 176 Points

Wed Feb 15 2023
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News Desk

ISLAMABAD: After a significant decline on the last trading day, the 100-index of the Pakistan Stock Exchange (PSX) turned around to a bullish trend on Wednesday, gaining 176.70 points with a positive change of 0.43 percent, closing at 41,326.86 points compared to 41,150.16 points on Tuesday.

On Wednesday, a total of 137,377,503 shares were transacted against 187,532,224 shares the previous day, while the price of shares stood at Rs6.115 billion compared to Rs7.858 billion on Tuesday.

Bullish Trend in PSX

As many as 321 companies traded their shares in the stock market,149 of them recorded gains and 156 sustained losses, while the share price of 16 companies was closed without change.

The three top-trading companies were WorldCall Telecom, Cnergyico Pk and Hub Power Company, with 12,584,506 shares at Rs1.24 per share, 7,819,856 shares at Rs3.71 per share, and Hub Power Company with 7,228,483 shares at Rs67.15 per share respectively.

Bata (Pak) recorded a maximum appreciation of Rs80.00 per share price, closing at Rs1,880.00, whereas Sapphire Tex., stood as the runner-up with a rise of Rs79.91 in its per share price to Rs1,179.90.

Unilever Foods recorded a maximum decline of Rs1,574.50 per share, closing at Rs19,426.00; followed by Pak Services with a decrease of Rs134.44 to close at Rs1,658.21.

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