ISLAMABAD: After a continuous loss for a couple of days for more than 2700 points, the 100-index of the Pakistan Stock Exchange (PSX) finally turned its direction around to the bullish trend on Friday while gaining 310.24 points (0.69 percent) and closed at 45,312.66 points against its previous day stand of 45,002.41 points.
Last day, the market went down by over 1200 points due to several political and economic issues and predictions.
On Friday, a total of 161,824,998 shares were transacted as compared to 287,356,194 shares, whereas the trading value of shares was witnessed at Rs 4.464 billion against Rs 12.303 billion on Thursday.
Bullish Trend at PSX
During the trade, 294 companies traded their shares in the stock market; 197 of them witnessed gains, and 81 traded in a loss, whereas the share price of 16 companies remained unchanged.
Nishat ChunPow remained the top leader among the top-three trading companies with 14,182,000 shares at Rs 17.97 per share, followed by WorldCall Telecom with 12,700,976 shares at Rs 1.15 per share, whereas Al-Shaheer Corporation settled as number third from the top with 12,148,327 shares at Rs 9.50 per share.
Nestle Pakistan recorded a maximum appreciation of Rs 89.00 per share price, closing at Rs 7,000.00, whereas Indus Motor Company settled as the runner-up with a rise of Rs 52.00 in its per share price to Rs 987.71.
Bhanero Textile witnessed a maximum decline of Rs 34.99 per share, closing at Rs 8,90.01, followed by Premium Textile with a decrease of Rs 29.98 to close at Rs 370.15.
