ISLAMABAD: After gaining over 950 points for the last two days, the 100-index of the Pakistan Stock Exchange (PSX) continued with a bullish trend on Wednesday for the 3rd consecutive day while gaining 422.37 points, further with a positive change of 0.81 percent. At the close, the index settled at 52,342.64 points against 51,920.27 points the last day and crossed the fifty thousand benchmark after six years of interval.
On the last day, during the early session, the index also crossed the benchmark, however, for a short time and then slid down due to profit taking.
A total of 526,463,387 shares valuing Rs 16.512 billion were transacted on Wednesday as compared to 455,331,569 shares valuing Rs 15.639 billion on Tuesday.
Bullish Trend at PSX for the 3rd day
During the last three days, the index gained over 1350 points to cross and then settled over fifty-two thousand points after a gap of six years. During the day, most of the to-tier companies remained in the green zone.
During the day, 353 companies traded their shares in the stock market; 216 of them settled in gains, and 119 experienced losses, whereas the share price of 18 companies remained unchanged.
Cnergyico PK remained the volume leader among the top-three trading companies with 75,772,036 shares at Rs 3.88 per share, followed by WorldCall Telecom with 68,332,731 shares at Rs 1.28 per share, whereas Pak Refinery settled as number three from the top with 55,036,194 shares at Rs 21.57 per share.
Unilever Foods recorded a maximum increase of Rs 525.00 per share price, closing at Rs 22,750.00, whereas Sapphire Fiber XD settled as the runner-up with a Rs 69.50 rise in its per share price to Rs 1,103.17.
On the other side, Rafhan MaizeXD observed a maximum decline of Rs 219.90 per share, closing at Rs 7,800.10, followed by Khyber Tobacco XD with a decline of Rs 27.55 per share to settle at Rs 339.85.
