ISLAMABAD: The Pakistan Stock Exchange (PSX) observed a bullish trend on Tuesday while gaining 197.98 points, a positive change of 0.17 per cent.
The benchmark KSE-100 closed at 114,528.09 points as compared to 114,330.10 points on the last trading day.
A total of 495,984,234 shares were entertained during the day as compared to 455,533,414 shares the previous trading day, whereas the price of shares stood at Rs 29.362 billion against Rs 25.888 billion on the last working day.
As many as 444 companies transacted their shares in the stock market,169 of them registered gains, and 223 met losses, whereas the share price of 52 companies remained unchanged.
The three top trading companies were Fauji Cement with 61,091,991 shares at Rs 41.46 per share followed by Maple Leaf with 33,825,226 shares at Rs 51.13 per share whereas Al-Tahur Limited settled with 23,908,285 shares at Rs 29.08 per share.
Hoechst Pakistan Limited witnessed a maximum increase of Rs 194.00 per share closing at Rs 3,194.00 whereas The Thal Industries Cooperation Limited was the runner-up with a Rs 34.70 rise in its share price to close at Rs 386.04.
Rafhan Maize Products Company Limited witnessed a maximum decline of Rs 42.75 per share price, closing at Rs 9,323.00, whereas the runner-up was Pakistan Services Limited with a drop of Rs 25.17 in its per share price to Rs 1,080.21.
In a significant development, a technical mission from the International Monetary Fund (IMF) began important discussions on Monday regarding Pakistan’s request for approximately $1.5 billion in additional financing to address climate change.
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These talks are part of the IMF’s Resilience and Sustainability Facility (RSF), which offers long-term financing for projects aimed at enhancing climate resilience.
On Monday, the PSX benchmark KSE-100 Index ended the first session of the week on a positive note. The exploration and production (E&P) sector helped the index recover from intra-day losses, closing at 114,330.10, up by 1,529.17 points or 1.36 per cent.
On the international front, Asian shares declined on Tuesday due to concerns over potential US investment restrictions on China, while the euro’s earlier gains diminished as investors awaited developments regarding the formation of Germany’s new government, with no major surprises expected.
