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PSX hits new high with 800 points gain

MM News Staff by MM News Staff
December 7, 2023

Bulls held sway over the benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX), which gained over 800 points on Thursday.

At close, the benchmark index settled at 64,718.08, up by 800.35 points or 1.25%.

A total of 1,316,526,260 shares valuing Rs 37.179 billion were traded during the day as compared to 984,813,834 shares valuing Rs.35.094 billion the last day.

Some 402 companies transacted their shares in the stock market; 216 of them recorded gains and 167 sustained losses, whereas the share prices of 19 remained unchanged.

The three top-trading companies were K-Electric with 246,006,787 shares at Rs.3.97 per share, Cnergyico PK with 98,899,853 shares at Rs5.07 per share and Hascol Petrol with 60,506,500 shares at Rs 6.83 per share.

Sapphire Textile witnessed a maximum increase of Rs.127.22 per share price, closing at Rs 2,012.66, whereas the runner-up was Sapphire Fibres Limited with a Rs 98.19 rise in its per share price to Rs 1,407.69.

Rafhan Maize witnessed a maximum decrease of Rs 109.00 per share closing at Rs 11,290.00, followed by Pakistan Engineering Company with Rs.41.25 decline to close at Rs.508.75.

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