ISLAMABAD: After losing over 215 points last day, the 100-index of the Pakistan Stock Exchange (PSX) on Wednesday turned around into the green zone and witnessed a bullish trend while gaining 316.09 points to close at 45,807.57points against 45,491.48 last day. The market remained positive, particularly in the last session, showing an increase of 0.69 percent, where most of the companies preferred buying shares, possibly due to the improvement of the local currency in the open market.
Throughout the day, 74,236,686 shares were transacted as compared to 55,028,384 shares on Tuesday, whereas the trading value of shares was witnessed at Rs3.943 billion against Rs3.047 billion on the last trading day.
Bullish Trend at Pakistan Stock Exchange
After receiving positive news from the currency market, the top-tier companies expedited their momentum towards buying. Commercial Banks, Oil and Gas exploration entities, and Power distribution sectors led the market as major contributors.
At the close of the day, 307 companies transacted their shares in the stock market, out of which 181 gained and 102 sustained losses, whereas the share price of 24 companies remained unchanged.
Kot Addu Power remained the volume leader with 14.23 million shares among the top-three trading companies, followed by Maple Leaf as the runners-up with 12.9 million shares and WorldCall Telecom as number third with 10.6 million shares.
