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KARACHI: Pakistan Stock Exchange (PSX) experienced a bullish trend on Thursday, resulting in a 508.48 points gain with a positive change of 1.26%, closing at 41,007.82 against 40,499.34 points on the previous day.
As many as 173,790,631 shares were traded during the day, and the price of shares stood at Rs 5.724 billion against Rs 3.628 billion on the last trading day.
Market experts believe that the bullish trend is a result of the recent measures taken by the government to improve the country’s economy. The increasing foreign investment in the stock market is also one of the contributing factors to the growth in the stock market.
According to the data released by the PSX, 324 companies transacted their shares in the stock market, with 197 of them recording gains and 108 sustaining losses, whereas the share price of 19 companies remained unchanged.
The three top-trading companies were WorldCall Limited with 22,202,737 shares at Rs 1.14 per share, Fauji Food Ltd. with 21,927,736 shares at Rs 6.33 per share, and Pak Refinery with 11,539,538 shares at Rs 13.52 per share.
Khyber Textile witnessed a maximum increase of Rs 42.45 per share price, closing at Rs 722.45, whereas Pak Tobacco was the runner-up with a Rs 30.00 rise in its per-share price to Rs 670.00.
However, Rafhan Maize XD witnessed a maximum decrease of Rs 115.00 per share, closing at Rs 7900.00, followed by Pak Services with a Rs 59.00 decline to close at Rs 741.10.
