Pakistan Stock Exchange Sees Bullish Momentum, KSE-100 Index Rises by 1,704.79 Points
The Pakistan Stock Exchange (PSX) experienced a strong bullish trend on Monday, with the KSE-100 Index gaining 1,704.79 points, a rise of 1.16%. The index closed at 148,196.42 points, up from the previous session’s 146,491.63 points.
Increased Trading Activity
A total of 610,314,508 shares were traded during the day, marking an increase from 473,601,407 shares on the last trading day. The total value of shares traded stood at Rs. 39.173 billion, compared to Rs. 32.882 billion previously.
Gains and Losses in the Market
Out of 487 companies that transacted shares, 283 recorded gains, 175 experienced losses, and 29 companies saw their share prices remain unchanged.
Top Performing Companies
The top three trading companies of the day were:
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WorldCall Telecom with 40,719,854 shares traded at Rs. 1.40 per share
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Pervez Ahmed Company with 29,750,970 shares traded at Rs. 2.82 per share
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Al-Shaheer Corporation with 26,351,931 shares traded at Rs. 12.24 per share
Biggest Winners and Losers
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Hoechst Pakistan Limited saw the largest increase in share price, rising by Rs. 323.88 to close at Rs. 3,830.59
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PIA Holding Company Limited also saw a notable increase of Rs. 186.13, closing at Rs. 28,001.10
On the other hand, Nestle Pakistan Limited witnessed the largest decrease, with a drop of Rs. 259.15, closing at Rs. 8,394.94, while Unilever Pakistan Foods Limited saw a decline of Rs. 100.00, closing at Rs. 31,900.00.
Market Outlook
The positive performance of the PSX on Monday indicates growing investor confidence, with a healthy increase in share trading activity. Investors will be keeping an eye on upcoming trends to gauge the overall market sentiment.
