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PSX gains nearly 600 points

MM News Staff by MM News Staff
February 19, 2024
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KARACHI: The Pakistan Stock Exchange (PSX) saw a turnaround as the benchmark KSE-100 Index gained nearly 600 points during trading on Monday, driven by the rebound in the oil sector.

At close, the benchmark index was at 60,459.75 points, an increase of 586.79 points or 0.98 percent.

A total of 261,799,826 shares valuing Rs.9.907 billion were traded during the day as compared to 314,247,768 shares valuing Rs.12.243 billion the last day.

Some 330 companies transacted their shares in the stock market; 170 of them recorded gains and 139 sustained losses, whereas the share prices of 21 remained unchanged.

The three top-trading companies were PIAC(A) with 21,406,500 shares at Rs 11.06 per share, WorldCall Telecom with 20,034,698 shares at Rs 1.23 per share and Pak Refinery with 15,164,705 shares at Rs 25.33 per share.

Rafhan Maize Products Company Limited witnessed a maximum increase of Rs 373.35 per share price, closing at Rs.9,739.00, whereas the runner-up was Indus Motor Company Limited with a Rs 51.28 rise in its per share price to Rs 1,501.94.

Nestle Pakistan Limited witnessed a maximum decrease of Rs 289.89 per share closing at Rs7,910.11, followed by Pakistan Engineering Company Limited with Rs 38.25 decline to close at Rs.471.75.

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