PSX continues bullish trend

The Pakistan Stock Exchange (PSX) continued its bullish momentum for the third straight day on Wednesday, with the benchmark KSE-100 index gaining over 500 points.

As of 11:30 AM, the index stood at 117,305.67, up from Tuesday’s close of 116,775.50 points.

Previous session recap:

On Tuesday, the KSE-100 index maintained its upward trajectory, climbing 385.47 points — a gain of 0.33 per cent — to close at 116,775.50, compared to the previous close of 116,390.04.

Trading volume for the day stood at 479,465,114 shares, slightly down from 484,547,019 shares a day earlier. However, the total value of traded shares rose to Rs30.449 billion from Rs27.430 billion in the previous session.

A total of 447 companies participated in the day’s trading. Among them, 219 recorded gains, 174 registered losses, and 54 companies saw no change in their share prices.

Three top trading companies:

• Cnergyico PK, with 32,091,019 shares traded at Rs8.53 per share,
• TRG Pakistan Limited, with 21,511,574 shares at Rs67.90,
• Bank of Punjab (BOP), with 20,785,866 shares at Rs11.17.

The biggest price jump was seen in Unilever Pakistan Foods Limited, which surged by Rs184.62 to close at Rs23,294.62. PIA Holding Company LimitedB followed, with its share price rising by Rs142.36 to settle at Rs1,604.76.