ISLAMABAD: After depreciating about 500 points during the last two days, PSX (Pakistan Stock Exchange) turned up but with slight appreciation as the 100-index witnessed a bullish trend on Wednesday while gaining 18.02 points, with a positive change of 0.04 percent.
At the end of the trading, the index closed at 41,117.33 against 41,099.31 points on the last trading day. On Wednesday, a total of 105,572,761 shares with a value of Rs 2.576 billion were entertained against 91,494,440 shares with a value of Rs 2.390 billion on Tuesday.
As many as 309 companies traded their shares in the stock market; 135 of them witnessed gains, and 148 sustained losses, while the share price of 26 companies was entertained without a change.
Bullish Trend at Pakistan Stock Exchange
Despite the Bullish trend, most of the top-rated companies remained steady, while the third-rated entities showed interest in moving ahead in the green zone. Hascol Petrol was leading the list of the top three companies during trade with 21,513,500 shares at Rs 5.22 per share, while WorldCall Telecom settled as runner-up with 6,250,538 shares at Rs 1.12 per share, followed by HBL Total Treas with 5,005,000 shares at Rs 11.20 per share.
Nestle Pakistan recorded a maximum increase of Rs 200.00 per share price, closing at Rs 6700.00, whereas Al-Abbas Sugar settled as the runner-up with a rise of Rs 30.38 in its per share price to Rs 435.38.
Reliance Cotton sustained a maximum decline of Rs 43.35 per share, closing at Rs 534.82, followed by Premium Tex, with a decrease of Rs 38.54 to close at Rs 475.36.
Trade experts believe the market would remain under pressure and would face fluctuation till the government announces concrete measures, including perspectives of the upcoming budget.
