PSX 100-Index Surges by 692.49 Points

The Pakistan Stock Exchange (PSX) witnessed a positive turnaround on Wednesday as the 100-Index surged by 692.49 points, marking a 0.97% increase and closing at 72,051.89 points. This shift in momentum brought relief to investors after the previous trading day's dip.

During the trading session, a total of 599,401,643 shares were traded, amounting to Rs24.459 billion. This figure was slightly lower than the previous day's trading volume of 655,935,508 shares valued at Rs24.485 billion. A total of 382 companies participated in the market, with 218 of them witnessing gains, 139 in losses, and 25 maintaining their share prices unchanged.

Among the top trading companies, Pak Int Bulk led the pack with 54,513,000 shares traded at Rs7.01 per share, followed by K-Electric Limited and Air Link Commun. Notable price movements were observed in Unilever Pakistan Foods Limited, which saw a significant increase of Rs153.49 per share, closing at Rs20,627.99. On the other hand, Pakistan Tobacco Company Limited experienced a decline of Rs73.04 per share, closing at Rs965.96.

The market dynamics on Wednesday reflected a mix of positive and negative movements, showcasing the volatility and resilience of the PSX amidst changing economic conditions. Investors will be closely monitoring these developments in the coming days to make informed decisions regarding their portfolios.