{"id":2424,"date":"2023-10-20T16:20:58","date_gmt":"2023-10-20T16:20:58","guid":{"rendered":"https:\/\/theasiantelegraph.global\/?p=2424"},"modified":"2023-10-20T16:20:58","modified_gmt":"2023-10-20T16:20:58","slug":"psx-sustains-positive-trend-gains-366-points","status":"publish","type":"post","link":"https:\/\/theasiantelegraph.global\/?p=2424","title":{"rendered":"PSX Sustains Positive Trend, Gains 366 Points"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"480\" src=\"https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2023\/10\/PSX-Continues-Upward-Trend-for-Second-Day-Gains-331-Points.jpg\" alt=\"\" class=\"wp-image-2425\" srcset=\"https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2023\/10\/PSX-Continues-Upward-Trend-for-Second-Day-Gains-331-Points.jpg 800w, https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2023\/10\/PSX-Continues-Upward-Trend-for-Second-Day-Gains-331-Points-300x180.jpg 300w, https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2023\/10\/PSX-Continues-Upward-Trend-for-Second-Day-Gains-331-Points-768x461.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>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&#8217;s close at 50,365.15 points.<\/p>\n\n\n\n<p>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&#8217;s appreciation against the US dollar and other international currencies.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip; <\/p>\n","protected":false},"author":1,"featured_media":2425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/2424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2424"}],"version-history":[{"count":1,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/2424\/revisions"}],"predecessor-version":[{"id":2426,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/2424\/revisions\/2426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/media\/2425"}],"wp:attachment":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}