The Pakistan Stock Exchange (PSX) continued its bullish momentum on Thursday, with the 100-Index surging by 3,370.29 points, marking a 3.04% increase. The index closed at 114,180.51 points, up from 110,810.22 points recorded on the previous trading day, signaling investor confidence and optimism in the market.
Strong Trading Activity
On Thursday, the trading volume saw a notable rise, with 1,469,558,531 shares changing hands, compared to 1,080,023,483 shares on the previous trading day. This surge in trading volume reflects the growing market activity and increased investor participation. The total value of shares traded stood at Rs. 67.278 billion, up from Rs. 47.139 billion on the last trading day, further indicating heightened investor interest.
Market Performance Overview
Out of the 464 companies that transacted their shares on Thursday, 299 companies saw positive movement, reflecting the bullish sentiment in the market. However, 132 companies experienced losses, and 33 companies reported no change in their share prices. This mixed performance highlights that while the market showed overall growth, some sectors and companies are facing challenges.
Top Performers
The top three traded companies on Thursday were:
- WorldCall Telecom – 232,925,553 shares traded at Rs. 1.79 per share
- Cnergyico PK – 80,186,381 shares traded at Rs. 7.21 per share
- Pak International Bulk – 70,681,266 shares traded at Rs. 9.07 per share
These companies led the trading volume, reflecting strong investor interest in their stocks.
Top Gainers and Losers
Several stocks posted significant gains on Thursday:
- Nestle Pakistan Limited saw the highest increase of Rs. 199.92 per share, closing at Rs. 7,355.19.
- Rafhan Maize Products Company Limited followed with a rise of Rs. 149.12, closing at Rs. 8,750.00.
On the flip side, some stocks experienced notable declines:
- Macter International Limited recorded the largest decrease, with a drop of Rs. 30.16, closing at Rs. 424.69.
- Hallmark Company Limited also saw a decline of Rs. 24.24, closing at Rs. 800.53.
Market Outlook
The bullish trend at the PSX demonstrates a positive sentiment in the market, supported by an increase in trading volume and share prices. As investors continue to show interest, it will be essential to monitor any developments in market fundamentals and external factors that may influence the market’s direction in the coming days. The PSX’s performance on Thursday is a reflection of growing investor confidence, setting the stage for a potentially strong continuation of this upward trend in the near future.
Fahad is an entrepreneur and a marketing enthusiast who loves to write on trending topics. He loves travelling & playing tennis is what he does in his leisure time. He tweets @fahad164.
Email:- fahad164@gmail.com , fahad@themediaparadigm.com
