PSX 100-Index Surges by 619.79 Points

The Pakistan Stock Exchange (PSX) witnessed a positive turn on Friday as the 100-Index surged by 619.79 points, marking a significant increase of 0.88 percent and closing at 70,909.90 points. This turnaround came after a previous trading day where the index stood at 70,290.12 points.

During the trading session, a total of 475,833,699 shares were traded, amounting to Rs.23.220 billion. This figure was slightly lower than the previous day's trading volume of 440,314,409 shares valued at Rs.24.362 billion. A total of 370 companies participated in the market, with 200 of them experiencing gains, 149 facing losses, and 21 maintaining their share prices unchanged.

Among the top trading companies, Pak Refinery led the pack with 49,662,377 shares traded at Rs.30.09 per share, followed by Cnergyico PK with 26,777,007 shares at Rs.4.47 per share, and Kohinoor Spinning with 22,834,000 shares at Rs.4.96 per share.

Notable price movements were observed in Unilever Pakistan Foods Limited, which saw a substantial increase of Rs.200.00 per share, closing at Rs.20,900.00. Hoechst Pakistan Limited also experienced a significant rise of Rs.97.49 per share, reaching Rs.1,397.49.

In conclusion, the PSX displayed a bullish trend with notable gains in the 100-Index and positive movements in various company share prices. Investors will be closely monitoring these developments in the coming sessions to assess the market's trajectory.