PSX turns around, gains 178 points

ISLAMABAD- The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Friday and witnessed bullish trend, gaining 178.41 points, with a positive change of 0.41 percent, closing at 44114.16 points against 43935.75 points on the last working day. A total of 289,847,338 shares were traded during the day compared to the trade of 195,174,200 shares the previous day whereas the price of shares stood at Rs10.272 billion against Rs8.394 billion the previous day. As many as 338 companies’ transacted shares in the stock market, 175 of them recorded gain and 146 sustained losses whereas the share price of 17 companies remained unchanged.

The three top trading companies were WorldCall Telecom with a volume of 34,179,500 shares and price per share of Rs2.11, TPL Properties XB with a volume of 17,210,500 and price per share of Rs43.23 and Byco Petroleum with volume of 15,036,000 and price per share of Rs6.43.

Philip Morris Pak witnessed a maximum increase of Rs56 per share, closing at Rs806 whereas the runner up was Blessed Siemens Pak, the share prices of which climbed up by Rs43.12 to Rs618.12.

Nestle Pakistan witnessed maximum decrease of Rs101.67 closing Rs5500 followed by Sapphire Fiber, the share price of which declined by Rs59.99 to close at Rs840.

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