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KARACHI: Pakistan Stock Exchange (PSX) has continued its positive momentum on expectations that the government and the International Monetary Fund (IMF) would reach an agreement soon, gaining over 600 points during trading on Friday.
At close, the benchmark index reached at 41,337.00 points, an increase of 666.12 points or 1.64 per cent.
A total of 194,817,148 shares were traded during the day as compared to 152,162,654 shares the previous day, whereas the price of shares stood at Rs.7.768 billion against Rs. 8.150 billion on the last trading day.
As many as 342 companies transacted their shares in the stock market; 221 of them recorded gains and 93 sustained losses, whereas the share price of 28 companies remained unchanged.
Also read: Moody’s downgrades five Pakistani banks
The three top-trading companies were Bank Islami Pakisan with 15,739,000 shares at Rs.11.07 per share; WorldCall Telecom with 15,470,777 shares at Rs.1.30 per share, and Oil and Gas Dev. with 13,422,769 shares at Rs.88.12 per share.
Pak Services witnessed a maximum increase of Rs.152.39 per share price, closing at Rs.2,193.00, whereas the runner-up was Nestle Pakistan with an Rs.100.22 rise in its per share price to Rs.5,400.00.
Unilever Foods witnessed a maximum decrease of Rs.1,687.42 per share closing at Rs.20,811.58; followed by Rafhan Maize with Rs.200.00 decline to close at Rs.8,500.00.
