PSX Remains Stable Amid Slight Bullish Trend

Thu Oct 26 2023
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ISLAMABAD: After getting 149 points last day, the 100-index of Pakistan Stock Exchange (PSX) on Thursday remained stable while gaining 8.15 points with a mild positive change of 0.02 percent. At closing, the index settled at 51,185.28 points against 51,177.13 points last day.

A total of 364,039,493 shares valuing Rs 10.928 billion were transacted on Thursday, as compared to 427,393,948 shares valuing Rs 15.509 billion on Wednesday.

During the day, most of the top-tier companies remained in the red zone, except a few including K-Electric to close in the green.

Mix Trend at PSX

Despite closing with 8 points above, the PSX observed a mix trend. In total 355 companies traded their shares in the stock market, 139 of them witnessed gains and 196 suffered losses, whereas the share price of 20 companies remained unchanged.

Like the last day, WorldCall Telecom remained the volume leader, among the top-three trading companies with 57,470,968 shares at Rs.1.36 per share followed by Bank of Punjab with 46,166,578 shares at Rs.4.83 per share whereas K-Electric Ltd settled as number three from top with 20,802,432 shares at Rs.3.23 per share.

Service Ind. Ltd recorded a maximum appreciation of Rs.28.74 per share price to settle at Rs.412.00, whereas Al-Ghazi Tractors settled as the runner-up with an increase of Rs.23.56 in its per share price to Rs 337.74.

Sapphire Fiber XD witnessed a maximum decline of Rs 88.44 per share closing at Rs 1090.75, followed by Faisal Spinning XD with a decline of Rs.20.00 to close at Rs.330.00.

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