ISLAMABAD: After losing over 1000 points during the last two days, the 100-index of the Pakistan Stock Exchange (PSX) turned bullish on Thursday while gaining 41.82 points with a slight positive change of 0.06 percent. At close the index settled at 74,878.12 points against the last day closing of 74,836.30 points.
On Thursday, 410,575,241 shares valuing Rs 14.922 billion were entertained against the last-day shares of 408,073,662 worth Rs 16.500 billion.
In total, 413 companies traded their shares in the stock market, 161 recorded gains, and 196 met losses, whereas the share price of 56 companies remained unchanged.
Fauji Cement remained the volume leader among the top-three trading companies with 42,521,383 shares at Rs 22.91 per share followed by Dewan Cement with 26,322,838 shares at Rs 11.06 per share whereas Dewan Motors settled with 25,937,975 shares at Rs 44.73 per share.
Service Industries Limited registered a maximum appreciation of Rs 57.78 per share price to close at Rs 976.41, whereas JDW Sugar Mills settled as the runner-up with an increase of Rs 37.52 in its per share price to Rs 506.52.
Ismail Industries Limited recorded a maximum fall of Rs 127.37 per share to close at Rs 1,535.38, followed by Mari Petroleum Company Limited with a decline of Rs 48.40 per share to close at Rs 2,754.44.
Bullish, Bearish Trend at Pakistan Stock Exchange
During the last six to seven months, the 100-index oscillated both ways, with a major bullish trend particularly in May 2024 resulting in a number of records on high, by getting about 60% in the last 8 months including the last one.
Earlier, the market achieved the historic 66000 mark in December 2023, followed by some bearish moves. In March 2024, however, the market bounced back to cross the 67,000 mark followed by the 70,000 mark in early April. In the last couple of weeks, the market first surpassed the 72,000 slot, followed by the 73,000 benchmark at the beginning of May. The recent continued bullish flow took the market first to the 74,000 mark on 14th May, and then even surpassed another historic high of 75,000 benchmark on May 17.
