PSX Turns Bullish, Gains 1,009 Points

APP

Islamabad: The Pakistan Stock Exchange (PSX) witnessed a bullish trend on Thursday, with the benchmark KSE-100 Index surging by 1,009.70 points, or 0.89 percent, to close at 115,094.24 points, up from the previous session’s 114,084.54 points.

Trading activity also saw a significant boost, with 382.79 million shares exchanged, compared to 299.63 million shares in the previous session. The total market value of traded shares stood at Rs25.41 billion, up from Rs20.26 billion a day earlier.

Out of 444 companies that traded shares, 232 recorded gains, 156 posted losses, while 56 remained unchanged.

The top three volume leaders were:

Bank of Punjab: 48.80 million shares at Rs13.45 per share

Barkat Frisian Agro: 24.68 million shares at Rs28.40 per share

Fauji Cement: 19.66 million shares at Rs45.29 per share

Hoechst Pakistan Limited recorded the highest increase, rising by Rs85.30 to close at Rs3,199.88, followed by PIA Holding Company LimitedB, which gained Rs64.22 to reach Rs928.47.

On the losing side, Unilever Pakistan Foods Limited saw the biggest decline, dropping by Rs122.40 to close at Rs23,217.20, followed by Services Industries Limited, which fell by Rs36.15 to Rs1,383.77 per share.