PSX Sustains Bullish Momentum, Up 409 Points to Record Highest-Ever Closing
The Pakistan Stock Exchange (PSX) maintained its bullish trend on Tuesday, rising by 409.06 points to reach a record closing of 86,466.58 points.
According to brokerage house Topline Securities, this positive momentum was largely attributed to institutional buying and better-than-expected corporate earnings reports.
During the trading session, a total of 722,209,194 shares were exchanged, a significant increase compared to 474,949,535 shares traded on the previous day. The total value of shares traded also rose to Rs. 25.024 billion, up from Rs. 19.659 billion on the last trading day.
A total of 451 companies participated in the trading, with 231 recording gains, 149 experiencing losses, and 71 maintaining unchanged share prices.
The top three trading companies were:
- K-Electric Limited: 224,204,258 shares at Rs. 4.23 per share
- WorldCall Telecom: 30,203,770 shares at Rs. 1.25 per share
- Fauji Foods Limited: 26,100,952 shares at Rs. 9.11 per share
Among notable performances, Unilever Pakistan Foods Limited saw the largest increase, with its share price climbing by Rs. 426.19 to close at Rs. 18,166.83. Siemens Pakistan Engineering followed with an increase of Rs. 84.15, ending the day at Rs. 925.66.
