The Pakistan Stock Exchange (PSX), following its recent surge past the 50,000-point mark, extended its bullish trend as the 100-index gained an additional 366.72 points, marking a positive change of 0.73%, to close at 50,731.87 points, compared to the previous day’s close at 50,365.15 points.
On Friday, investors remained actively engaged in share buying, keeping the market in the green zone. This positive momentum could be attributed to the local currency’s appreciation against the US dollar and other international currencies.
Throughout the trading day, a total of 430,052,557 shares were transacted, valued at Rs 14.611 billion, compared to 427,476,593 shares valued at Rs 14.593 billion on Thursday.
Among the 350 companies that traded their shares on Friday, 188 of them recorded gains, while 145 sustained losses. The share price of 17 companies remained unchanged.
In terms of trading volume, Pak Refinery led the way among the top three companies, with 42,467,382 shares traded at Rs 18.13 per share. K-Electric Ltd was the runner-up with 35,749,829 shares traded at Rs 3.26 per share, followed by WorldCall Telecom with 31,023,989 shares traded at Rs 1.28 per share. K-Electric had consistently been among the top three companies over the last few days.
Notable share price increases were observed, with Pak Hotels XD recording the highest appreciation, reaching Rs 35.72 per share, closing at Rs 512.25. Murree Brewery XD followed as the runner-up with an increase of Rs 18.67 per share, closing at Rs 267.66.
On the other hand, Nestle Pakistan experienced the most significant decline, with its share price decreasing by Rs 190.00, closing at Rs 7,200.00. Pak Tobacco also saw a decline, with its share price falling by Rs 37.60, closing at Rs 737.33.
