Pakistan: PSX Witnesses Bullish Trend, Gains Over 800 Points
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The 100 Index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Monday, gaining 807.42 points to close at 86,057.52 points.
A total of 474,949,535 shares were traded during the day as compared to 323,919,892 shares the previous trading day, whereas the price of shares stood at Rs. 19.659 billion against Rs. 15.679 billion on the last trading day.
As many as 445 companies transacted their shares in the stock market, 269 of them recorded gains and 124 sustained losses, whereas the share price of 52 companies remained unchanged.
The three top trading companies were Kohinoor Spinning with 59,101,441 shares at Rs. 8.81 per share, Pak International Bulk with 27,872,708 shares at Rs. 7.05 per share and Flying Cement with 18,493,294 shares at Rs. 19.80 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs. 212.49 per share price, closing at Rs. 17,740.64, whereas the runner-up was Hoechst Pakistan Limited with Rs. 127.77 rise in its per share price to Rs. 2,346.90.
Reference Link:- https://propakistani.pk/2024/10/21/psx-witnesses-bullish-trend-gains-over-800-points/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
