Business

PSX Posts Fifth Highest 1-Day Gain in History, up Nearly 1,900 Points

The 100-Index of the Pakistan Stock Exchange (PSX) gained 1,893.08 points to close at 90,859.85 points on Friday. 

According to brokerage house Arif Habib Limited (AHL), this is the fifth highest single day points increase. AHL also highlighted that the KSE-100 index is up 45.5 percent inCY24 to date, making it the third best-performing equity market globally. 

A total of 465,865,841 shares were traded during the day as compared to 546,274,609 shares the previous trading day, whereas the price of shares stood at Rs. 23.089 billion against Rs. 24.117 billion on the last trading day.  

As many as 430 companies transacted their shares in the stock market, 220 of them recorded gains and 156 sustained losses, whereas the share price of 54 companies remained unchanged. 

The three top trading companies were Silk Bank Limited with 62,534,221 shares at Rs 0.94 per share, K-Electric Limited with 57,568,675 shares at Rs. 4.67 per share and WorldCall Telecom with 27,214,192 shares at Rs. 1.22 per share. 

Unilever Pakistan Foods Limited witnessed a maximum increase of Rs. 572.11 per share price, closing at Rs. 19,161.11, whereas the runner-up was Siemens (Pakistan) Engineering with Rs. 58.62 rise in its per share price to Rs. 1,451.49. 

Rafhan Maize Products Company Limited witnessed a maximum decrease of Rs. 158.40 per share closing at Rs. 7,541.60 followed by Sapphire Fibres Limited with Rs. 61.61 decline to close at Rs. 1,216.11. 

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ProPK Staff