PSX Bounces Back Nearly 800 Points

Wed Aug 09 2023
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ISLAMABAD: After losing 950 points last day, the KSE-100 bounced back on Wednesday, while gaining a satisfactory 798 points and remained in the green zone for the most of the time during the trading.

Oil and Gas sectors dominated the market, where the investors took interest with buying that dragged the last day red zone into the green zone.

At closing of the day, the KSE-100 Index settled at 48,227.60 level with an increase of 797.77 points (1.68%) compared to 47,429.83 last day.

A total of 312,301,182 shares were transacted during the day against 336,078,121 shares the previous day, whereas the price of shares stood at Rs14.305 billion compared to Rs 12.547 billion on Tuesday.

Bullish Trend at PSX

On Wednesday, 335 companies traded their shares in the stock market, 207 of them witnessed appreciation and 109 sustained losses, whereas the share price of 19 companies was traded with no change.

As it was a day for oil and gas sector, Oil and Gas Dev remained the top leader among the three top-trading companies with 37,776,498 shares at Rs 104.35 per share, followed by Pak Petroleum with 22,796,703 shares at Rs.73.84 per share and JS Bank Ltd with 21,564,500 shares at Rs.5.35 per share.

Mehmood Tex recorded a maximum appreciation of Rs 48.90 per share price, closing at Rs 701.03, whereas Siemens Pak settled as the runner-up with a rise of Rs 21.99 in its per share price to Rs 672.99.

Rafhan Maize recorded a maximum decline of Rs 439.00 per share closing at Rs 8560.00, followed by Mari Petroleum with a decrease of Rs 77.00 to close at Rs 1605.33.

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