PSX Stays Bullish with a 1,000-Point Gain
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 1,000.35 points, a positive change of 1.34 per cent, closing at 75,878.48 points against 74,878.12 points the previous day.
A total of 523,299,973 shares valuing Rs 20.574 billion were traded during the day as compared to 410,575,241 shares valuing Rs 14.922 billion the previous day.
As many as 433 companies transacted their shares in the stock market; 236 of them recorded gains and 140 sustained losses, whereas the share price of 57 companies remained unchanged.
The three top trading companies were K-Electric Limited with 62,228,161 shares at Rs 4.96 per share, Dewan Cement with 31,643,087 shares at Rs 10.94 per share and WorldCall Telecom with 28,533,919 shares at Rs 1.35 per share.
Sazgar Engineering Works Limited witnessed a maximum increase of Rs 58.23 per share price, closing at Rs 786.14, whereas the runner-up was Hoechst Pakistan Limited with a Rs 32.65 rise in its per share price to Rs 1,400.00.
PIA Holding Company Limited witnessed a maximum decrease of Rs 67.20 per share closing at Rs 775.93, followed by Shahmurad Sugar Mills Limited with a Rs 35.37 decline to close at Rs 406.80.
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