PSX 100-index Surges, Unilever Pakistan Foods Leads Gainers

The Pakistan Stock Exchange (PSX) witnessed a positive trajectory on Thursday, with the 100-index rising by 252.61 points, representing a 0.32% increase to reach 78,528.25 points by the end of the trading session. This uptick followed the previous day's closing figure of 78,275.65 points. The day's trading volume amounted to 283.54 million shares, lower than the previous day's 469.76 million shares. The total value of shares traded stood at Rs11.067 billion, showing a decrease from Rs19.777 billion in the previous session. A total of 426 companies were actively involved in trading, out of which 211 companies recorded gains, 150 faced losses, and 65 remained unchanged.

Notable trading activities included WorldCall Telecom, which saw 27.56 million shares traded at Rs1.25 per share, K-Electric Limited with 21.97 million shares traded at Rs4.67 per share, and Oil and Gas Development Company recording 16.93 million shares traded at Rs137.17 per share. Among the top gainers, Unilever Pakistan Foods Limited observed the highest increase, with its share price climbing by Rs104.99 to close at Rs18,396.67. Following closely was Rafhan Maize Products Company Limited, which experienced a Rs67.21 increase to Rs7,650.00 per share. Conversely, Fatch Industries Limited witnessed the most significant decline, with its share price dropping by Rs11.86 to close at Rs122.54, followed by Dawood Lawrencepur Limited, which saw a Rs7.39 decrease, closing at Rs212.00 per share.

The positive momentum in the Pakistan Stock Exchange reflects investor confidence and market dynamics. While some companies saw gains, others faced losses, showcasing the volatility inherent in stock trading. Investors and analysts will continue to monitor these fluctuations closely to make informed decisions. Stay tuned for further updates on the PSX as the market continues to evolve.