ISLAMABAD: The Pakistan Stock Exchange (PSX) observed a bullish trend on Thursday as the benchmark KSE-100 Index surged by 594.36 points.
The stock market showed a positive change of 0.52 percent, closing at 114,037.79 points as compared to 113,443.43 points on the last trading day.
Overall, 675,540,473 shares were entertained during the day as compared to 743,632,966 shares the last working day, whereas the price of shares stood at Rs 30.469 billion against Rs 35.245 billion on the previous trading day.
As many as 442 companies transacted their shares in the stock market,213 of them registered gains and 181 met losses, whereas the share price of 48 companies remained unchanged.
The three top trading companies were Cnergyico PK with 143,693,542 shares at Rs 7.93 per share followed by WorldCall Telecom with 78,194,783 shares at Rs 1.79 per share whereas Fauji Cement settled with 47,170,217 shares at Rs 40.65 per share.
Ismail Industries Limited witnessed a maximum increase of Rs 92.00 per share closing at Rs 1,949.50 whereas Pakistan Engineering Company Limited was the runner-up with a Rs 67.80 rise in its share price to close at Rs 806.14.
Unilever Pakistan Foods Limited witnessed a maximum decline of Rs 210.00 per share price, closing at Rs 21,690.00, whereas the runner-up was Sapphire Textile Mills Limited with a fall of Rs 76.94 in its per share price to Rs1,147.82.
The market saw a rebound following a sharp drop on Wednesday when the KSE-100 Index fell nearly 1,600 points to close at 113,443.43 due to late-session selling.
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Across Asia, stocks rose on Thursday, driven by a significant jump in Chinese shares after Beijing introduced new measures to support its struggling stock market. Meanwhile, global investors continued to focus on US President Donald Trump’s policy proposals.
China has revealed a plan to direct hundreds of billions of yuan in new capital from state-owned insurers into the stock market annually. This move highlighted Beijing’s growing concern over the weakening performance of Chinese stocks, which surged following the announcement.