ISLAMABAD: The Pakistan Stock Exchange (PSX) rebounded on Tuesday, with the benchmark KSE-100 Index gaining 756.91 points or 0.68%, closing at 112,743.80 points compared to 111,986.89 points on the previous trading day.
Buying was observed in key sectors including automobile assemblers, commercial banks, fertilizer, power generation, and refineries. Index-heavy stocks including HUBCO, NRL, PRL, OGDC, PPL, MCB, and MEBL traded in the green.
In a major development, the International Monetary Fund (IMF) mission started talks with Pakistani authorities on the first review of the $7 billion Extended Fund Facility (EFF) programme on Monday.
On Tuesday a total of 206,851,125 shares were entertained as compared to 208,881,544 shares the last working day, whereas the price of shares stood at Rs 11.337 billion against Rs 11.881 billion on the previous trading day.
As many as 429 companies transacted their shares in the stock market, 221 of them registered gains and 150 met losses, whereas the share price of 58 companies remained unchanged.
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The three top trading companies were WorldCall Telecom with 12,563,739 shares at Rs 1.40 per share, followed by Citi Pharma Limited with 12,282,173 shares at Rs 92.93 per share whereas Pak International Bulk settled with 10,341,268 shares at Rs 9.12 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs 61.32 per share closing at Rs 23,066.34 whereas Sapphire Textile Mills Limited was the runner-up with Rs 28.82 increase in its share price to close at Rs 1,200.00.
Mehmood Textile Mills Limited witnessed a maximum decline of Rs 42.52 per share price, closing at Rs 385.73, whereas the runner-up was Reliance Cotton Spinning Mills Limited with a drop of Rs 33.41 in its per share price to Rs 483.67.
dailystockmktOn Monday, selling pressure continued at the PSX, causing the benchmark KSE-100 Index to drop by almost 1,300 points, closing below the 112,000 mark.
Globally, stocks fell and bond yields dropped on Tuesday in Asia as investors prepared for an impending intensification of the global trade war, with new U.S. tariffs on Canada, Mexico, and China set to take effect within hours.
