PSX 100-index Surges by 694.73 Points

The Pakistan Stock Exchange (PSX) witnessed a positive trading session on Tuesday as the 100-index surged by 694.73 points, marking a significant increase of 1.00 percent. The market closed at a historic level of 70,314.72 points, surpassing the previous day's closing of 69,619.99 points.

During the trading day, a total of 389,396,548 shares were traded, amounting to Rs.17.273 billion in value. This represented a notable uptick from the previous day's trading volume of 335,825,036 shares valued at Rs.15.315 billion. A total of 351 companies participated in the trading session, with 180 companies recording gains, 156 companies sustaining losses, and 15 companies maintaining unchanged share prices.

Among the top trading companies in the PSX were WorldCall Telecom, Pak Int. Bulk, and P.I.A.C.(A). WorldCall Telecom traded 34,372,807 shares at Rs.1.31 per share, Pak Int. Bulk traded 27,819,000 shares at Rs.6.17 per share, and P.I.A.C.(A) traded 19,039,000 shares at Rs.26.55 per share.

Rafhan Maize Products Company Limited experienced the highest increase in share price, gaining Rs.100.00 to close at Rs.8,350.00 per share. Mari Petroleum Company Limited followed closely with a rise of Rs.55.85 per share, closing at Rs.2,621.71. On the other hand, Sapphire Textile Mills Limited saw the most significant decrease, dropping by Rs.60.00 per share to close at Rs.1,350.00, while Bata Pakistan Limited witnessed a decline of Rs.50.00 per share, closing at Rs.1,700.00.

The bullish trend in the Pakistan Stock Exchange reflects positive investor sentiment and indicates a strong performance in the market. Investors are closely monitoring the market dynamics and making strategic decisions to capitalize on the current momentum.