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On Wednesday, the Pakistan Stock Exchange (PSX) maintained a bullish trend as the 100-index gained 827.17 points, a positive change of 1.44%, closing at 58,198.76 points compared to the previous day’s 57,371.59 points.
Trading activity saw 596,217,827 shares valued at Rs22.054 billion, contrasting with the previous day’s 1,012,258,472 shares valued at Rs19.338 billion. A total of 389 companies participated, with 236 noting gains, 136 sustaining losses, and 17 maintaining unchanged share prices.
Read more : PSX Offers WhatsApp Service To Educate Investors
The top three trading companies were WorldCall Telcom (50,345,392 shares at Rs1.64 per share), Fauji Fert Bin (23,277,000 shares at Rs22.94 per share), and Fauji Foods Ltd (20,177,342 shares at Rs8.99 per share).
Ismail Ind had the highest increase, with a per-share price rise of Rs60.47 to close at Rs866.72. Siemens Pak followed with a Rs50.40 increase, closing at Rs812.40. Colgate Palm experienced the most significant decrease, with a per-share decline of Rs225.22 to close at Rs10,324.78, followed by Philip Morris Pak, which declined Rs20.00 to close at Rs516.00.
In the interbank trading, the Pakistani rupee gained 66 paisa against the US dollar, closing at Rs285.12 compared to the previous day’s Rs285.78. In the open market, the buying and selling rates of the dollar were Rs283.65 and Rs286.5, respectively, according to the Forex Association of Pakistan.
The Euro decreased by Rs1.96 to close at Rs311.32, the Japanese Yen lost 02 paisa to close at Rs1.91, and the British Pound declined by 85 paisa to trade at Rs357.31. The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 18 paisa each, closing at Rs77.63 and Rs76.01, respectively.
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