Shabbar Naqvi
KARACHI: The Pakistan Stock Exchange (PSX) sustained its bullish sentiment on Wednesday, as the benchmark KSE-100 index rose by 146.75 points, marking a 0.09 percent increase, and closed at 165,640.34 points compared to 165,493.59 points in the previous session.
During the day, 1.64 billion shares were traded against 1.35 billion shares a day earlier, with the total value of transactions recorded at Rs 69.66 billion, down from Rs 76.77 billion in the previous session.
Out of 486 companies that traded, 173 closed in positive territory, 287 registered losses, while 26 remained unchanged.
The most active stocks included K-Electric Ltd. with 299.63 million shares at Rs 7.34 per share, Bank of Punjab with 192 million shares at Rs 29.80, and Pak Elektron with 132.36 million shares at Rs 59.31.
Unilever Pakistan Foods Limited registered the highest gain of Rs 445.00 per share to close at Rs 31,265.00, followed by Supernet Technologies Limited which climbed Rs 135.85 to settle at Rs 1,494.33. On the losing side, PIA Holding Company LimitedB dropped by Rs 384.99 per share to close at Rs 25,600.00, while Rafhan Maize Products Company Limited declined by Rs 273.71 to end at Rs 10,009.96.
In the futures market, 312 companies traded, with 108 gaining, 200 losing, and 4 remaining unchanged. A total of 287.03 million shares were exchanged, valued at Rs 13.80 billion. Bank of Punjab (BOP-OCTB) led the futures activity with 43.63 million shares at Rs 30.14 per share.
Among notable movers, Sazgar Engineering Works Limited (SAZEW-NOVB) gained Rs 75.08 to close at Rs 1,928.35, while Pakistan Oilfields Limited (POL-OCTB) recorded the steepest fall of Rs 16.08 to end at Rs 680.00.
The post PSX maintains bullish momentum, closes at 165,640 with modest gains appeared first on The Financial Daily.
