ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with a bullish trend on the third consecutive day during the week as on Wednesday, the index gained 334.26 points with a positive change of 0.69 percent to close at 48,474.54 points as compared to 48,140.28 points on Tuesday. The index also crossed the psychological benchmark of 48000, where most of the top-tier companies preferred to buy.
A total of 396,455,410 shares valuing Rs.10.529 billion were transacted during the day against 350,067,949 shares valuing Rs. 10.762 billion last day.
Continued Bullish Trend at PSX
During the last couple of days, the 100-index gained over 1500 points in total due to several reasons, including appreciation of the local currency.
On Wednesday, 364 companies traded their shares in the stock market; 195 of them witnessed gains, and 143 sustained losses, whereas the share price of 26 companies was traded without a change.
Like the previous day, K-Electric Ltd remained the leader among the top-three trading companies with 145,136,304 shares at Rs.2.75 per share, followed by Pak Refinery with 18,138,704 shares at Rs.16.46 per share, whereas Unity Foods Ltd settled as number third from the top with 15,953,133 shares at Rs.26.26 per share.
Nestle Pakistan recorded a maximum appreciation of Rs.141.11 per share price, closing at Rs.7,141.11, whereas Philip Morris Pak settled as the runner-up with a rise of Rs.35.56 in its per share price to Rs.509.67.
Bata (Pak) recorded a maximum decline of Rs.64.36 per share, closing at Rs.1,645,64, followed by Ibrahim Fibres with a decrease of Rs.8.79 to close at Rs.251.96.
