The Pakistan Stock Exchange (PSX) experienced a bullish trend on Tuesday, July 23, 2024, with the 100-index gaining 447.90 points, reflecting a positive change of 0.57 percent. The index closed at 78,987.09 points, up from the previous close of 78,539.19 points.
Trading Volume and Value
The day’s trading volume reached 316,245,462 shares, a decrease from the 375,599,184 shares traded on the previous day. The total value of shares traded stood at Rs 17.074 billion, compared to Rs 19.350 billion on the last trading day.
Market Performance
Out of 433 companies that transacted their shares, 225 recorded gains, 164 sustained losses, and the share prices of 44 companies remained unchanged.
Top Trading Companies
- PIA Holding Company: 22,079,450 shares traded at Rs 15.63 per share
- Pak Elektron: 19,793,659 shares traded at Rs 26.26 per share
- WorldCall Telecom: 19,515,808 shares traded at Rs 1.17 per share
Significant Gainers
- Unilever Pakistan Foods Limited: Recorded the highest increase in share price by Rs 74.08, closing at Rs 18,200.00 per share.
- Lucky Core Industries Limited: Followed with a rise of Rs 61.25 per share, closing at Rs 966.36.
Notable Decliners
- PIA Holding Company LimitedB: Experienced the maximum decrease in share price by Rs 95.42, closing at Rs 858.78 per share.
- Pakistan Engineering Company Limited: Recorded a decline of Rs 51.00, closing at Rs 670.00 per share.
The PSX’s positive momentum indicates investor confidence and a healthy trading environment. The notable gains and high trading volumes in key companies highlight strong market activity and potential growth opportunities for investors.
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