Pakistan Stock Exchange Gains 79.49 Points Amid Bullish Trend

Thu Apr 13 2023
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ISLAMABAD: The 100-index of the PSX (Pakistan Stock Exchange) witnessed a bullish trend on Thursday while gaining 79.49 points, with a positive change of 0.20 percent and closed at 40,205.54 compared to 40,126.05 points on the last trading day.

A total of 89,187,909 shares were transacted on Thursday against 79,825,518 shares on Wednesday, while the price of shares stood at Rs 2.766 billion compared to 2.569 billion on the previous trading day.

Bearish, Bullish Trends in the Market

Earlier in the market, the 100-index gained momentum and even gained over 120 plus points; however, at the end of the trend, it went down, possibly due to recent political and judicial disputes in the country.

At the end of the trade, 333 companies traded their shares in the stock market; 152 of them recorded gains and 154 experienced losses, whereas the share price of 27 companies remained unchanged.

The three top-trading companies were WorldCall Telecom, with 7,777,551 shares at Rs 1.17 per share. K-Electric, with 4,220,989 shares at Rs 1.98 per share, and Pak Petroleum, with 3,957,408 shares at Rs 67.22 per share.

Nestle Pakistan XD witnessed a maximum increase of Rs 80.15 per share price, closing at Rs 5145.25, whereas the runner-up was Khyber Textile, with a rise of Rs 29.99 in its per share price to Rs 1760.00.

Pak Services witnessed a maximum decrease of Rs 25.45 per share, closing at Rs 800.10, followed by Towellers Limited with a Rs 23.60 decline to close at Rs 291.16.

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