ISLAMABAD: After getting over 2000 points during the last two consecutive sessions, the 100-Index of the Pakistan Stock Exchange (PSX) almost remained stable to stand atop 72000 points with a marginal loss of 3 points on Tuesday. At close the index settled at 72,761.20 points against the last-day closing of 72,764.24.
On Tuesday, 621,826,404 shares valuing Rs 24.970 billion were entertained against the last-day shares of 578,388,643 valuing Rs 24.518 billion.
In total, 377 companies traded their shares in the stock market, 200 of them recorded gains, 154 met losses, whereas the prices of 23 companies registered no change.
Pak Electron remained the volume leader among the top-three trading companies with 64,150,303 shares at Rs 26.90 per share followed by Fauji Cement with 40,146,219 shares at Rs 10.10 per share whereas WorldCall Telecom settled with 29,971,602 shares at Rs 1,28 per share.
Unilever Pakistan Foods Limited registered an appreciation of Rs 100.45 per share to settle at Rs 19,547.95, whereas Hocchst Pakistan Limited settled as the runner-up with an increase of Rs 92.54 per share to settle at Rs1,326.41.
Hallmark Company Limited recorded a maximum fall of Rs 71.10 per share to settle at Rs906.62, followed by Mari Petroleum Company Limited with a decline of Rs36.22 to close at Rs 2,719.20
Bearish, Bullish Trend at PSX
During the last couple of months, the 100-index swung both ways, with a leading bullish run 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 index got more than 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 as the 100-index surpassed the historic 66000 benchmark for the first time in the first quarter of December 2023.
Meanwhile, from December 13, 2023, the index turned down while recording 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 over 2500 points. Later the market turned bullish 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 run till it surpassed the new historic high of 67000 on 28th March, followed by the 70,000 mark in early April. In the last couple of weeks, the market first crossed the 71,000 barrier and then the 72,000 benchmark.
