PSX Turns Bullish with 1,893-Point Gain

APP

Islamabad: The Pakistan Stock Exchange (PSX) surged in a bullish trend on Friday, with the 100-Index climbing by 1,893.08 points, or 2.13 percent, to close at 90,859.85 points, up from the previous 88,966.77 points.

Trading volume reached 465.87 million shares, slightly down from 546.27 million shares on the previous day, with a value of Rs 23.09 billion compared to Rs 24.12 billion. Out of 430 companies, 220 saw gains, 156 faced losses, and 54 remained unchanged.

Top-traded companies included Silk Bank Limited with 62.53 million shares at Rs 0.94 per share, K-Electric Limited with 57.57 million shares at Rs 4.67 per share, and WorldCall Telecom with 27.21 million shares at Rs 1.22 per share.

Unilever Pakistan Foods Limited led the gains, with a per-share increase of Rs 572.11, closing at Rs 19,161.11, followed by Siemens Pakistan with a Rs 58.62 rise to Rs 1,451.49. Rafhan Maize Products saw the largest decline, losing Rs 158.40 to close at Rs 7,541.60, with Sapphire Fibres also dropping by Rs 61.61 to Rs 1,216.11.