ISLAMABAD: Continuing the last day’s bearish trend on Friday morning, the 100-index at PSX (Pakistan Stock Exchange went up in the middle and final session.
The trading was closed ahead of the budget, presented by federal minister Ishaq Dar, and the trade closed in the green zone, where the index gained an increase of 217.75 points ( 0.52%) to settle at 41,904.21 against 41,686.12 on the last trading day.
On Friday, the trading started smoothly but was still uncertain. However, later the investors switch to buying on hopes from the budget. Despite being in the green zone, chemical, banking, fertilizer, automobile, and oil investors remained cautious in buying. However, the week concluded on a positive note.
Despite having in the green zone, total volume on the all-share index went down to 164.8 million from 203.8 million (Thursday), while the value of shares traded decreased to Rs5.2 billion from Rs5.8 billion.
Bullish Trend at PSX
On Friday, 340 companies traded their shares, 187 registered an increase, 126 recorded a decline and 27 remained unchanged.
Among the top three traded company, TPL Properties closed high with 19.5 million shares, while Unity Foods settled as runner-up with 14 million shares, followed by WorldCall Telecom with 13.4 million shares.