ISLAMABAD: After reaming in a negative zone for the last two days, the 100-index of the Pakistan Stock Exchange (PSX) on Wednesday turned positive while gaining 82.53 points (0.18 percent), to close at 45,590.93 points as compared to 45,508.40 points on the last trading day.
On Wednesday, 102,767,509 shares valuing Rs 3.8 billion were transacted against 126,341,546 shares valuing Rs 4.987 billion on Tuesday.
The downward trend during the last two days was attributed to the possible increase of policy rate by the State Bank of Pakistan. A Monitory Policy Committee meeting is to be held tomorrow to decide any possible policy rate hike.
Bullish Trend at PSX
In total, 299 companies traded their shares in the stock market, 122 of them managed to settle in the green zone with gains and 135 sustained losses, whereas the share price of 42 companies remained unchanged.
Dewan Motors led the race among the top-three trading companies with 7,200,902 shares at Rs 16.12 per share, followed by Agritech Limited with 6,510,500 shares at Rs 7.92 per share whereas Cnergyico PK settled as number three with 5,014,806 shares at Rs 2.90 per share.
Bata (Pak) witnessed a maximum appreciation of Rs 25 per share price, closing at Rs 1,725, whereas Lucky Core Ind settled as the runner-up with a rise of Rs18.61 in its per share price to Rs 627.12.
Pak Services recorded a maximum depreciation of Rs.30 per share, closing at Rs 650, followed by Murree Brewery with a decline of Rs13.16 to close at Rs 285.24.
