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PSX update today: Stock shows a bullish trend

Komal FatimaWeb Editor

28th Jul, 2020. 11:42 am
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PSX: Stock Trading Volume Reaches 16-Year High

Pakistan’s stock exchange shows a positive trend today. The stock gained 222 points during trading today. PSX-100 Index reached at the level of 38,433 points.

The banking sector caused a bullish trend. Head of Equity InternMarket Securities, Raza Jafffari told APP the results of Habib Bank led the rally of the banking sector in the stock market. “The investors were expecting Rs.5 Earning Per Share (EPS) but the Habib Bank announced EPS of Rs.7.5 for the second quarter”, he said.

He also said that the exemption of a 5% sales tax on traders by the government helped in causing the bullish trend.

The total volume of shares traded was 183,913,641, while the value of shares traded during the day stood at 9,921,509,516.

As many as 376 companies transacted shares in the stock market, out of total 232 recorded gains and 129 sustained losses, whereas the share price of 15 companies remained unchanged during the day.

Top ten companies traded were PAEL with volume of 28,921,000 shares, TRG with 19,999,500, PRL 18,450,500, MLCF 12,358,000, FFL 9,030,000, HASCOL 8,523,000 and FBBL 8,493,500.

Millat tractors registered a maximum increase of 51.14 per share, closing at 857.93 while Island Textile recorded a maximum decrease of 85.00 per share, closing at 1100.

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