ISLAMABAD: The Pakistan Stock Exchange (PSX) kicked off the business week on a bullish note, with the benchmark KSE-100 index climbing 1,529.17 points, marking a 1.36% gain. The index closed at 114,330.10 points, up from 112,800.93 points in the previous session.
A total of 455,533,414 shares were entertained on Monday as compared to 455,394,404 shares on the last working day whereas the price of shares stood at Rs 25.888 billion against Rs 21.524 billion on the previous trading day.
As many as 440 companies transacted their shares in the stock market,176 of them registered gains, and 211 met losses, whereas the share price of 53 companies remained unchanged.
The three top trading companies were At-Tahur Limited with 43,118,680 shares at Rs 28.00 per share followed by K-Electric Limited with 27,220,140 shares at Rs 4.79 per share whereas Fauji Cement settled with 25,755,312 shares at Rs 42.47 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs 102.50 per share closing at Rs 23,002.50 whereas Abbott Laboratories (Pakistan) Limited was the runner-up with Rs 57.79 rise in its share price to close at Rs 1,098.54.
Nestle Pakistan Limited witnessed a maximum decline of Rs 45.84 per share price, closing at Rs 7,300.00, whereas the runner-up was Rafhan Maize Products Company Limited with a fall of Rs 28.58 decline in its per share price to Rs 9,365.75.
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In a major development, the International Monetary Fund (IMF) mission would arrive in Islamabad next month for discussions on the first review under Pakistan’s Extended Fund Facility (EFF) programme.
During the previous week, PSX witnessed a positive trend on the back of local investors’ interest and institutional support. The benchmark KSE-100 index increased by 715.63 points weekly and closed at 112,800.93 points.
On Monday, European shares and the euro rose as Germany’s election yielded no major surprises, while Wall Street futures strengthened on optimism that upcoming results from AI leader Nvidia would validate the tech sector’s lofty valuations.
