Islamabad, Aug 29: The Pakistan Stock Exchange’s (PSX) 100-Index saw a bullish trend on Thursday, rising 356.88 points and closing at 78,349.66 points as opposed to 77,992.79 points on the previous working day. This represents a positive movement of 0.46 percent.
The Government of Pakistan’s senior unsecured debt and local and foreign currency issuer ratings were raised by Moody’s Ratings to Caa2 from Caa3 one day earlier.
In comparison to the 636,024,989 shares traded the day before, a total of 599,820,775 shares were moved during the day. The price of the shares was Rs. 20.409 billion as opposed to Rs. 16.267 billion on the previous trading day.
Up to 449 firms traded their shares on the stock market; 227 of those companies saw gains, 166 saw losses, and 56 saw their share prices stay the same.
The top three trading businesses were Kohinoor Spinning (41,140,347 shares at Rs. 11.69 per share), National Bank XD (42,591,637 shares at Rs. 57.53 per share), and Symmetry Group Limited (64,297,326 shares at Rs. 8.57 per share).
The share price of Unilever Pakistan Foods Limited increased by a maximum of Rs. 241.02 to close at Rs. 17,581.02, while Colgate Palmolive (Pakistan) Limited was the runner-up, with a rise of Rs. 87.97 to Rs. 1,218.17.
The largest decline per share was seen by Al-Abbas Sugar Mills Limited, which closed at Rs. 565.79 after losing Rs. 29.22, and Mari Petroleum Company Limited, which closed at Rs. 3,368.32 after losing Rs. 21.56.
