The Pakistan Stock Exchange (PSX) continued its bullish trend on Thursday, 18th July 2024, with the 100-index gaining 684.25 points. This positive change of 0.84 percent saw the index close at 81,839.86 points, up from the previous day’s closing of 81,155.61 points.
Market Activity
The trading volume was robust, with a total of 470,310,927 shares exchanged during the day, compared to 441,338,958 shares traded the previous day. The value of these shares stood at Rs 25.349 billion, down from Rs 27.228 billion on the last trading day.
Company Performance
Out of 457 companies that traded their shares, 242 recorded gains, 155 sustained losses, and the share prices of 60 companies remained unchanged.
Top Trading Companies:
- Pak Elektron: 47,990,977 shares traded at Rs 28.65 per share.
- PIA Housing Company: 25,362,682 shares traded at Rs 19.25 per share.
- PTCL: 25,028,450 shares traded at Rs 13.70 per share.
Major Gainers:
- Rafhan Maize Products Company Limited: Saw the highest increase, with a rise of Rs 130.00 per share, closing at Rs 7,730.00.
- PIA Holding Company Limited: Experienced a significant rise of Rs 80.87 per share, closing at Rs 1,037.30.
Major Losers:
- Pakistan Tobacco Company Limited: Faced the largest decrease, with a drop of Rs 69.75 per share, closing at Rs 944.50.
- Data Agro Limited: Recorded a decline of Rs 34.90 per share, ending the day at Rs 332.49.
Market Sentiment
The positive performance of the PSX on 18th July 2024 reflects growing investor confidence and a bullish market sentiment. The significant trading volumes and gains across various sectors indicate a healthy and active trading environment.
As the market continues to show resilience and growth, investors are advised to stay informed about market trends and company performances to make well-informed investment decisions. The PSX remains a vital platform for trading and investment in Pakistan, contributing to the country’s economic stability and growth.
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