ISLAMABAD: After getting over 70 points last day, the 100-index of the Pakistan Stock Exchange (PSX) continued with a bullish trend on Tuesday and gained 612.09 points further with a positive change of 0.94 percent. At close the index settled at 65,502.60 points as compared to 64,890.51 points on the previous day.
Meanwhile, on Tuesday, 323,281,871 shares valuing Rs.17.059 billion were entertained against 211,758,341 shares valuing Rs. 7.785 billion last day. In total 341 companies traded their shares in the stock market, 184 of them recorded gains to remain in green, 140 met losses, whereas the share prices of 17 remained unchanged.
WorldCall Telecom remained the volume leader among the top-three trading companies with 27,822,745 shares at Rs.1.38 per share followed by Telecard Limited with 20,828,617 shares with 9.23 per share whereas the Bank of Punjab settled with 17,912,724 shares at Rs.6.14 per share.
Unilever Pakistan Foods Limited experienced a maximum appreciation of Rs.200.00 per share price to settle at Rs.21,700.00, whereas Pakistan Tobacco Company Limited settled as the runner-up with an increase of Rs.67.20 in its per share price to Rs.1,059.20.
Sapphire Fibres Limited recorded a maximum fall of Rs.91.67 per share closing at Rs.1,415.00, followed by Nestle Pakistan Limited with a decrease of Rs.80.00 to settle at Rs.7,420.00.
Bullish, Bearish Trend at Pakistan Stock Exchange
Recently, the 100-index mostly witnessed bullish sentiments, where the market also enjoyed a historic bullish pace by getting about 60% in the last 7 months.
Only in November 2023, the 100-index got over 8000 points while during the last seven months, the market gained more than 24000 points.
Meanwhile, the 100-index surpassed 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 bearish with a major 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. Later 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. Later the market oscillated both ways between 63000 and 66000, till date.
