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Sunday, April 21, 2024  
09 Shawwal 1445  

PSX turns bullish as KSE-100 adds 484 points

Benchmark index settled at 63,703.45 levels
Photo - AFP/File
Photo - AFP/File

The Pakistan Stock Exchange turned around to bullish trend on Wednesday as newly elected members of all four provincial assemblies took oath following the February 8 election.

The benchmark KSE-100 Index gained 484.35 points or 0.77% to settle at 63,703.45 levels at the closing of the market as against 63,219.10 the previous trading day.

A total of 461.39 million shares valuing Rs16 billion were traded during the day as compared with 409.96 million shares valuing Rs14.675 billion the last day.

As many as 355 companies transacted their shares in the stock market; out of which 180 recorded gains and 149 sustained losses, while the share prices of 26 remained unchanged.

The three top trading companies were Cnergyico PK with 62.18 million shares at Rs4.39 per share, K-Electric Limited with 45.49 million shares at Rs4.79 per share, and Hascol Petrol with 30.48 million shares at Rs7.98 per share.

Analysts said that sentiments improved in the market amid the possibility of political stability as a coalition government Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples’ Party (PPP), is expected to take oath in the centre on February 29.

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