ISLAMABAD: The Pakistan Stock Exchange (PSX) on Friday witnessed bullish trend as the benchmark KSE-100 index gained 334.60 points and closed at 37,130.63.
In all, 143,894,800 shares worth Rs5.196 billion were traded at the exchange. Of the 342 scrips traded, 239 advanced, 83 declined and 20remained unchanged.
According to the details, the three top traded companies were Bank of Punjab XD with a volume of 19,950,000 and price per share of Rs12.71, Pak Elektron with a volume of 9,096,000 and price per share of Rs22.16 and Unity Foods Ltd with a volume of 7,468,500 and price per share of Rs12.50.
Pak Tobacco XD dominated the trading with the increase of Rs 122.50 per share, closing at Rs 2572.50 while Philip Morris Pakistan remained runner up with the increase of Rs 94.02 per share, closing at Rs 3194.
Read More:Bullish trend in PSX as 100-index gains 800 points on last day of trading week
Earlier, Pakistan Stock Exchange (PSX) on April 19 had witnessed an unprecedented jump in volume as the 100 index gained 800 points that day.
As per details, the bench mark 100-index had showed positive trend at the start of the business day and had closed at 37,612 points after witnessing a massive increase of 800 points.
According to the stockbrokers the investors were expressing confidence in the market following the Prime Minister Imran Khan’s massive decision to reshuffle the federal cabinet.
Investors had hoped that the market would recover with expected improvement in the macroeconomic indicators as the biggest challenge to the economy – the current account deficit – had started narrowing down.
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