The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 253.96 points, a positive change of 0.22 percent, closing at 113,342.44 points as compared to 113,088.48 points on the last trading day.
In a note, Brokerage House Topline Securities highlighted that the market maintained its bullish trajectory from the previous session, as investor sentiment remained upbeat, driven by robust corporate earnings.
This positive momentum was primarily fueled by better-than-expected corporate results, which bolstered investor confidence and encouraged fresh buying across multiple sectors, it added.
A total of 667,719,653 shares were traded during the day as compared to 545,005,593 shares the previous trading day, whereas the price of shares stood at Rs. 25.734 billion against Rs. 20.741 billion on the last trading day.
As many as 451 companies transacted their shares in the stock market, 236 of them recorded gains and 146 sustained losses, whereas the share price of 69 companies remained unchanged.
The three top trading companies were K-Electric Limited with 180,890,168 shares at Rs. 4.88 per share, Bank of Punjab with 53,761,800 shares at Rs. 12.94 per share and Fauji Cement with 38,112,842 shares at Rs. 40.55 per share.
Sapphire Fibres Limited witnessed a maximum increase of Rs. 59.03 per share closing at Rs. 1,098.99 whereas runner-up was Unilever Pakistan Foods Limited with Rs. 41.96 rise in its share price to close at Rs. 23,387.51.
Lucky Cement Limited witnessed a maximum decrease of Rs. 57.48 per share price, closing at Rs. 1,402.17, whereas the runner-up was Blessed Textile Limited with Rs. 30.39 decline in its per share price to Rs. 313.73.
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