PSX surges to new heights with 1,378 points gain

The Pakistan Stock Exchange (PSX) experienced a bullish trend on Monday, with the 100-Index gaining an impressive 1,378.34 points, a positive change of 1.65 percent.

This surge brought the index to an all-time high of 84,910.30 points, up from 83,531.96 points on the last trading day.

On this active trading day, a total of 449,507,635 shares were exchanged, significantly higher than the 381,529,555 shares traded previously. The total value of shares traded reached Rs 30.196 billion, compared to Rs 20.523 billion the day before.

Out of 448 companies that transacted their shares, 224 recorded gains while 86 sustained losses, and 3 companies’ share prices remained unchanged.

Pak Petroleum emerged as the top trading company with 40,779,930 shares traded at Rs 126.69 each, followed by Hub Power Company XD with 28,080,507 shares at Rs 121.70 per share, and Fauji Cement XD with 23,127,553 shares at Rs 28.00 each.

Hoechst Pakistan Limited witnessed a maximum increase of Rs 185.20 per share price, closing at Rs 2,285.20, whereas the runner-up was Pakistan Tobacco Company Limited with Rs 85.77 rise in its per share price to Rs 1,027.45.

Bhanero Textile Mills Limited witnessed a maximum decrease of Rs 82.27 per share closing at Rs 966.73 followed by Hallmark Company Limited with Rs 43.04 decline to close at Rs 1,132.30.

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