ISLAMABAD: After reaching an all-time high last day, the 100-Index of the Pakistan Stock Exchange (PSX) witnessed a slight correction on Thursday while shedding 80.49 points with a negative change of 0.11 percent. At close the index settled at 71,971.40 points against the last day historic closing of 72,051.89 points.
On Thursday, 798,527,177 shares valuing Rs.27.542 billion were entertained against the last day shares of 599,401,643 valuing Rs. 24.459 billion.
In total, 389 companies traded their shares in the stock market, 173 witnessed gains, and 191 met losses, whereas the share prices of 25 remained unchanged.
K-Electric Limited remained the volume leader among the top-three trading companies with 119,648,396 shares at Rs.4.64 per share, followed by WorldCall Telecom with 79,958,285 shares at Rs.1.39 per share whereas Air Unity Foods Limited settled with 44,276,576 shares at Rs.24.91 per share.
Hallmark Company Limited registered a maximum appreciation of Rs.74.31 per share price to settle at Rs.1,072.52, whereas Mari Petroleum Company Limited closed as the runner-up with an increase of Rs.28.33 in its per share price to Rs.2,829.10.
Unilever Pakistan Foods Limited experienced a maximum fall of Rs.372.99 per share closing at Rs.20,255.00, followed by Sapphire Textile Mills Limited with a decline of Rs.79.34 to close at Rs.1,186.03.
Record Bullish Trend at Pakistan Stock Exchange
During the last several months, the 100-index oscillated both ways, with a leading bullish flow while setting a number of records on high, by getting about 60% in the last 8 months including the last one.
Only in November 2023, the 100-index got over 8000 points while during the last seven months, the market managed to get 24000 points.
Meanwhile, the 100-index reached several all-time highs recently. After several records, the market achieved the historic 66000 benchmark for the first time in the first quarter of December 2023.
Meanwhile, from December 13, 2023, the index turned bearish while registering a significant fall, first on 20th December (over 2300 points) and then on December 22nd (over 1100 points), again followed by a bloodbath on 26th December 2023, while going down by more than 2500 points. Later the market turned down by over 2900 points followed by another historic bullish flow on a single day (1st January) to get over 2200 points. During the last two months, the market kept its bullish momentum till it surpassed the new historic high of 67000 on 28th March, followed by the 70000 mark in early April. In the last two weeks, the market first surpassed the 71000 barrier and then the 72000 benchmark.
