Bullish Trend Continues at PSX as Index Gains 362 Points to Settle at 46,417

Tue Jul 25 2023
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ISLAMABAD: After hitting the 45000 benchmarks a couple of days before, followed by surpassing the forty-six thousand mark last day, the 100-index of the Pakistan Stock Exchange (PSX) continued with the bullish trend on Tuesday while gaining further 362.53 points with a positive change of 0.79 percent. At the close of the day, the market was settled at 46,417.34 points against 46,054.81 points on Monday.

On Tuesday, 319,893,485 shares were traded compared to 299,076,070 shares last day, whereas the price of shares stood at Rs 10.259 billion compared to Rs 8.139 billion on the previous trading day.

In total 350 companies traded their shares in the stock market, 197 of them recorded gains and 128 recorded losses, while the share price of 25 companies remained unchanged.

Top Trading Companies at PSX

WorldCat Telecom managed to remain as the top leader with 41,974,254 shares at Rs 1.41 per share, while Fauji Foods Ltd settled as runner-up with 26,058,761 shares at Rs.7.07 per share, followed by K-Electric Ltd with 15,647,570 shares at Rs.2.14 per share.

Top-tier company Unilever Foods recorded a maximum appreciation of Rs350.00 per share price, closing at Rs22,800.00, whereas Al-Abbas Sugar settled as runner-up with an increase of Rs 35.40 in its per share price to Rs 516.00.

Sapphire Fiber experienced a maximum decline of Rs 71.00 per share, closing at Rs 1,224.00, followed by Siemens Pak, with a decrease of Rs 29.00 to close at Rs 379.00.

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