Psx gains 137 points, reverses to bullish trend
Published on: February 5, 2024.
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Pakistan Stock Exchange Shows Positive Trend, Closing at 61,979.18 Points
The Pakistan Stock Exchange (PSX) saw a turnaround on Wednesday as the 100-index showed a bullish trend, gaining 137.44 points and closing at 61,979.18 points. This positive change of 0.22 percent marked a promising day for the stock market.
During the trading day, a total of 276,464,818 shares were traded, amounting to a value of Rs 9.271 billion. This was a significant difference from the previous day’s trading, which saw 436,120,659 shares valued at Rs.15.286 billion being traded. A total of 349 companies participated in the stock market, with 165 of them experiencing gains, 151 sustaining losses, and 33 seeing no change in their share prices.
Among the top-trading companies, K-Electric Limited took the lead with 36,273,372 shares traded at Rs.4.54 per share. Bank of Punjab followed closely behind with 20,853,316 shares traded at Rs.6.20 per share, and Hascol Petrol with 14,174,000 shares traded at Rs.7.91 per share.
In terms of share price increases, Unilever Pakistan Foods Limited saw the highest surge at Rs.1,551.83 per share, closing at Rs.22,364.33. Sazgar Engineering Works Limited was the runner-up, experiencing a rise of Rs.13.48 in its share price, which closed at Rs.211.19.
On the other hand, Nestle Pakistan Limited witnessed a decrease of Rs.100.00 per share, closing at Rs.8,200.00. Colgate-Palmolive (Pakistan) Limited also saw a decline, with its share price dropping by Rs.40.33 to close at Rs.1,404.00.
Overall, the Pakistan Stock Exchange showed positive growth, providing investors with a promising trading day. With several companies experiencing gains and the market closing at a higher index, it reflects the resilience and potential of the Pakistani stock market.
Source: [Daily Times](https://dailytimes.com.pk)
