ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued a bullish flow for the last couple of days, as on Thursday the index even surpassed a new historic high of 67000 points for the first time/ At the close the index gained 594.34 points further with a positive change of 0.89 percent to settle at the highest ever level of 67,142.12 points against the last day figure of 66,547.79 points.
On Thursday, 421,118,268 shares valuing Rs.16.159 billion were entertained against 354,597,630 shares valuing Rs.11.884 billion the previous day.
In total, 352 companies traded their shares in the stock market, 212 of them recorded gains and remained in green, 111 sustained losses, whereas the share prices of 29 remained unchanged.
PTCL remained the volume leader among the top-three trading companies with 55,715,919 shares at Rs.18.42 per share followed by Lotte Chemical with 27,228,578 shares at Rs.19.56 per share and Telecard Limited with 25,547,322 shares at Rs.9.29 per share.
Rafhan Maize Products Limited witnessed a maximum appreciation of Rs.125.00 per share price to settle at Rs.8,175.00, whereas Bata Pakistan Limited settled as the runner-up with an increase of Rs.58.00 in its per share price to Rs.1,739.00.
Unilever Pakistan Foods Limited recorded a maximum decline of Rs.600.00 per share closing at Rs.21,000.00, followed by Nestle Pakistan Limited with a fall of Rs.34.67 to close at Rs.7,600.33.
Historic Bearish Trend at PSX
Recently, the 100-index swung both ways, with the dominant bullish flow, where the market reached a historic bullish point by getting about 60% in the last 7 months.
Only in November 2023, the 100-index got more than 8000 points while during the last seven months, the market crossed 24000 points.
Meanwhile, the 100-index crossed several consecutive all-time highs recently. After having a number of records, the 100-index achieved the historic 66000 benchmark for the first time in the first quarter of December 2024.
However, from December 13 the index went down with a significant decline on 20th December (over 2300 points) and on December 22nd (over 1100 points), again followed by a bloodbath on 26th December 2023, while going down by over 2500 points. Subsequently, the market turned bullish by over 2900 points followed by another historic bullish trend on a single day (1st January) to get over 2200 points. During the last few days, the market expedited its pace till it surpassed the new historic high of 67000 on Thursday.
