Political upheaval results in bloodbath at PSX

Political upheaval results in bloodbath at PSX

KARACHI: The Pakistan equity market observed a bloodbath session on Tuesday over renewed political noise keeping the investors’ confidence under pressure, who opted for profit-taking, analysts said. An analyst at Arif Habib Limited said that the stocks witnessed a bloodbath session as the KSE-100 Index opened in the red zone owing to political instability and … Read more

Stocks close lower over political noise

Stocks close lower over political noise

KARACHI: The Pakistan bourse closed in the red zone on Monday as political uncertainty and delays in the resumption of the International Monetary Fund (IMF) programme grappled the market, analysts said. Commodities expert Ahsan Mehanti said that the stocks fell across the board on political noise after Pakistan Tehreek-e-Insaf (PTI) called for the dissolution of … Read more

Stocks close lower on political and economic uncertainty

political and economic uncertainty

KARACHI: The Pakistan bourse witnessed a volatile session on Tuesday due to political unrest and overheated commodities cycle, as the market opened in the red zone and stayed under pressure throughout the day. The cement sector stayed in the red zone due to the mounting international coal prices, while in the last trading hour, across … Read more

PSX turns around, gains 135 points to close at 47,137 points

PSX

The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Tuesday and observed a rising trend, gaining 135.42 points, with a positive change of 0.29 percent, closing at 47,137.77 points against 47,002.35 points on the previous working day. 

A total of 580,766,245 shares were traded throughout the day compared to the trade of 655,122,525 shares the previous day while the price of shares stood at Rs17.166 billion against Rs18.861 billion the previous day.

As many as 406 companies transacted shares in the stock market, 248 of them recorded gain and 131 sustained losses while the share price of 27 companies stayed unchanged.

The three top traded companies were Silk Bank Ltd with a volume of 69,193,500 shares and price per share of Rs1.89, Hascol Petrol with a volume of 66,247,955, and price per share of Rs9.70, and WorldCall Telecom with the volume of 55,687,000 and price per share of Rs3.81.

Rafhan Maize perceived a maximum increase of Rs390 per share, closing at Rs9790 where Pak Tobacco was runner up, share prices of which increased by Rs49.22, closing at Rs1277.75.

Colgate Palm recorded an extreme decrease of Rs196.71 per share, closing at Rs2503.29 followed by Hinopak Motor, the share prices of which decreased by Rs46.17 per share, closing at Rs569.45.

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