On Thursday, 15th August 2024, the Pakistan Stock Exchange (PSX) experienced a bullish trend, with the benchmark 100-Index gaining 228.56 points, marking a positive change of 0.29%. The index closed at 78,105.98 points, up from the previous day’s close of 77,877.42 points.
Trading Volume and Market Activity
The day saw a total trading volume of 591,065,051 shares, a slight decrease from the 604,144,238 shares traded on the previous day. Despite the dip in volume, the value of traded shares increased, reaching Rs 20.102 billion, up from Rs 19.981 billion the day before.
A total of 442 companies participated in the trading session. Among these, 227 companies saw their share prices rise, 162 experienced declines, and the share prices of 53 companies remained unchanged.
Top Trading Companies
The top three trading companies by volume were:
- Kohinoor Spinning: 91,017,452 shares traded at Rs 9.32 per share.
- Yousuf Weaving: 65,313,406 shares traded at Rs 6.49 per share.
- WorldCall Telecom: 60,620,909 shares traded at Rs 1.23 per share.
Major Gainers and Losers
Hallmark Company Limited was the day’s top gainer, with its share price rising by Rs 48.97, closing at Rs 538.65. Pakistan Engineering Company Limited followed, with an increase of Rs 33.87 per share, bringing its closing price to Rs 699.11.
On the other hand, PIA Holding Company Limited saw the largest decline, with its share price dropping by Rs 84.87 to close at Rs 883.73. Nestle Pakistan Limited also faced a significant decrease, with a Rs 47.50 drop in its share price, closing at Rs 6,800.00.
The PSX’s positive performance on 15th August 2024 reflects investor confidence despite the lower trading volume compared to the previous day. The gains in key companies and the overall upward movement of the index suggest a stable and optimistic outlook for the market in the coming days.
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