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PSX continues with bullish trend

MM News Staff by MM News Staff
November 11, 2023

The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday and gained 297.17 points, a positive change of 0.61 per cent, closing at 48,771.71 points against 48,474.54 points the previous day.

A total of 342,287,229 shares valuing Rs.11.735 billion were traded during the day as compared to 396,455,410 shares valuing Rs.10.529 billion the previous day.

As many as 322 companies transacted their shares in the stock market; 146 of them recorded gains and 160 sustained losses, whereas the share price of 16 companies remained unchanged.

The three top-trading companies were K-Electric Ltd with 112,985,840 shares at Rs.2.85 per share, WorldCall Telecom with 17,102,517 shares at Rs.1.30 per share and Nishat ChunPow with 12,166,495 shares at Rs.21.97 per share.

Pakistan’s fiscal deficit to be Rs1,137bn more than target: IMF

Rafhan Maize witnessed a maximum increase of Rs.350.00 per share price, closing at Rs.8,350.00, whereas the runner-up was Bata (Pak) with a Rs.50.61 rise in its per share price to Rs.1,697.25.

Pak Engineering witnessed a maximum decrease of Rs.24.93 per share closing at Rs.308.11, followed by Dawood Law with a Rs.17.99 decline to close at Rs.222.01.

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