PSX surges 252 points, continues bullish trend

100-index closes at 78,528.25 points with trading volume at 283.54 million shares

ISLAMABAD:

The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Thursday, with the 100-index rising by 252.61 points, a 0.32 per cent increase, to close at 78,528.25 points. This is up from the previous day's close of 78,275.65 points.

The trading volume for the day was 283.54 million shares, down from the previous day's 469.76 million shares. The total value of traded shares stood at Rs11.067 billion, compared to Rs19.777 billion on the last trading day.

A total of 426 companies traded their shares on the stock market. Of these, 211 recorded gains, 150 suffered losses, and 65 remained unchanged.

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The top three trading companies were:

WorldCall Telecom: 27.56 million shares traded at Rs1.25 per share.

K-Electric Limited: 21.97 million shares traded at Rs4.67 per share.

Oil and Gas Development Company: 16.93 million shares traded at Rs137.17 per share.

Among the top gainers, Unilever Pakistan Foods Limited saw the highest increase, with its share price rising by Rs104.99 to close at Rs18,396.67. Rafhan Maize Products Company Limited followed, with a Rs67.21 increase to Rs7,650.00 per share.

Conversely, Fatch Industries Limited experienced the largest decline, with its share price falling by Rs11.86 to close at Rs122.54. Dawood Lawrencepur Limited was next, with a Rs7.39 decrease, closing at Rs212.00 per share.