PSX Hits Historic Milestone, Gaining Over 1,378 Points

APP

Islamabad: Positive sentiment continues to dominate the Pakistan Stock Exchange (PSX), with the 100-Index achieving a historic milestone on Monday by gaining 1,378.34 points, an increase of 1.65 percent, and reaching an all-time high of 84,910.30 points, up from 83,531.96 points on the previous trading day.

A total of 449,507,635 shares were traded during the day, compared to 381,529,555 shares on the last trading day. The total value of shares traded amounted to Rs 30.196 billion, rising from Rs 20.523 billion the previous day.

In total, 448 companies participated in the market, with 224 recording gains and 86 experiencing losses. The share prices of three companies remained unchanged.

The top three trading companies were Pak Petroleum, which saw 40,779,930 shares traded at Rs 126.69 per share, Hub Power Company XD with 28,080,507 shares at Rs 121.70 per share, and Fauji Cement XD with 23,127,553 shares at Rs 28.00 per share.

Hoechst Pakistan Limited experienced the highest increase in share price, rising by Rs 185.20 to close at Rs 2,285.20. Pakistan Tobacco Company Limited followed closely with an increase of Rs 85.77, bringing its share price to Rs 1,027.45.

Conversely, Bhanero Textile Mills Limited faced the largest decrease, with its share price falling by Rs 82.27 to close at Rs 966.73, followed by Hallmark Company Limited, which declined by Rs 43.04 to end at Rs 1,132.30.

This remarkable performance highlights the ongoing bullish trend in the PSX, reflecting growing investor confidence in the market.