ISLAMABAD: After witnessing continuous loss from the beginning of the week, the 100-index of the Pakistan Stock Exchange (PSX) experienced an upward trend for the second consecutive day as the index gained 161.95 points on Friday with a positive change of 0.39 percent and closed at 41,487.58 against 41,325.63 points last day. Yesterday the stock also gained more than 250 points and closed with a positive bullish trend.
A total of 89,474,706 shares valuing Rs 3.401 billion were entertained during the day against 96,850,678 shares, valuing Rs 2.891 billion on Thursday.
Friday witnessed a green signal for the stock, currency, and bullion market as the local currency appreciated by about Rs 14 against the greenback, while the gold rate also went down for over Rs 6,000 in a single day. Meanwhile, the stock market also remained in the green zone for its second consecutive day.
Bullish Trend at PSX
As many as 317 companies traded their shares in the stock market 176 of them recorded gains and 111 sustained losses, while the share price of 30 companies remained unchanged.
WorldCall Telecom traded the shares as a leading company with 9,548,520 shares at Rs 1.14 per share followed by Maple Leaf with 5,407,794 shares at Rs 28.11 per share, and Sui North Gas with 4,164,051 shares at Rs 42.12 per share.
Nestle Pakistan witnessed a maximum appreciation of Rs 100.00 per share price, closing at Rs 5800.006, followed by Sapphire Fiber with a rise of Rs 75.23 in its per share price to Rs 1078.99.
Bhanero Tex recorded a maximum decrease of Rs 70.77 per share closing at Rs 1060.00, followed by ZIL Limited with a decline of Rs 24.75to close at Rs 305.25. APP
