PSX Turns Around to Bullish Trend, Gains 256 Points

Fri Sep 08 2023
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ISLAMABAD: After a bearish trend last day, the 100-index of the Pakistan Stock Exchange (PSX) turned around to a bullish trend on Friday and gained 256.25 points with a positive growth of 0.56 percent. At closing, the index settled at 46,013.49 points against the previous day’s trading of 45,757.24 points.

On Friday, 149,572,246 shares were transacted as compared to 177,062,657 shares, whereas the trading value of shares was witnessed at Rs 5.551 billion against Rs 7.581 billion on Thursday.

Bullish Trend at PSX

As many as 312 companies traded their shares in the market, 166 of them traded in the green zone, 115 sustained losses, whereas the share price of 31 companies remained unchanged.

TPL Properties was the leader among the top-three trading companies with 11,949,265 shares at Rs 12.72 per share, followed by WorldCall Telecom with 11,039,918 shares at Rs 1.17 per share while Bank Al-Falah settled as number three with 9,272,484 shares at Rs 40.82 per share.

Nestle Pakistan recorded a maximum increase of Rs 100.00 per share price, closing at Rs 7,100.00, whereas Mehmood Textile settled as the runner-up with a rise of Rs 43.13 in its per share price to Rs 618.13.

Rafhan Maize XD recorded a maximum decline of Rs 150.00 per share, closing at Rs 7,850.00, followed by Indus Motor Company with a decline of Rs 12.30 per share to close at Rs 944.97.

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