Pakistan Stock Exchange(PSX) witnessed a strong bullish trend in the early trading on Wednesday as the benchmark KSE-100 Index crossed the 137,000 points limit to reach 137,232.10 points against 135,939.87 points in the previous session.
However, later the selling pressure emerged and the benchmark dropped some gains, but still maintained the bullish trend till 12:30 pm.
At 12:30 pm, the stock market was trading at 136,048 points with a positive change of 0.08%.
Previous Session:
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index turned around to a bearish trend on Tuesday, losing 562.67 points, a negative change of 0.41 percent, closing at 135,939.87 points against 136,502.54 points last trading day.
A total of 879,118,158 shares were traded during the day as compared to 841,456,115 shares the previous trading day, whereas the price of shares stood at Rs 38.608 billion against Rs 37.051 billion on the last trading day.
As many as 478 companies transacted their shares in the stock market, 110 of them recorded gains and 345 sustained losses, whereas the share price of 23 companies remained unchanged.
The three top trading companies were Bank of Punjab with 61,318,327 shares at Rs 13.13 per share, K-Electric Limited with 56,728,152 shares at Rs 5.27 per share, and Trust Modaraba with 44,591,951 shares at Rs 7.72 per share.
PIA Holding Company Limited witnessed a maximum increase of Rs 2,876.82 per share price, closing at Rs 31,645.05, whereas the runner-up was Unilever Pakistan Foods Limited with a Rs 460.68 rise in its per share price to Rs 23,796.18.
Hoechst Pakistan Limited witnessed a maximum decrease of Rs106.27 per share, closing at Rs 3,145.00, followed by Atlas Honda Limited with a Rs46.47 decline in its share price to close at Rs1,095.57.
