ISLAMABAD: The Pakistan Stock Exchange (PSX) witnessed a historic single-day gain of 2,446 points on Monday, marking a positive change of 5.90%. The market closed at 43,899.01 points compared to 41,452.69 points on the previous trading day, as a bullish trend dominated the 100-index.
Following the recent agreement with the International Monetary Fund (IMF), the trading volume saw a significant increase. A total of 381,904,794 shares were traded during the day, compared to 234,748,468 shares on the previous day. Additionally, the value of shares traded stood at Rs. 8.647 billion, up from Rs. 7.476 billion in the previous session.
Top Trading Companies at PSX
Among the 357 companies that participated in the stock market, 315 recorded gains while 36 sustained losses. The share prices of six companies remained unchanged.
The top three trading companies were WorldCall Telecom, with 54,999,792 shares traded at Rs. 1.23 per share, followed by K-Electric Ltd, with 30,596,397 shares traded at Rs. 1.96 per share, and Cnergyico PK, with 22,447,095 shares traded at Rs. 3.18 per share.
Nestle Pakistan witnessed the highest increase in share price, rising by Rs. 152.50 to close at Rs. 6,600.00. Colgate Palm was the runner-up, experiencing a rise of Rs. 76.90 in its share price to reach Rs. 1,199.72.
On the other hand, Pak Engineering witnessed the maximum decrease in share price, falling by Rs. 24.34 to close at Rs. 300.21. ZIL Limited followed with a decline of Rs. 22.50, closing at Rs. 277.50.
The significant surge in the PSX reflects positive investor sentiment, buoyed by the recent IMF agreement and positive market dynamics.
