PSX recovers, closes with 983 points gain
The PSX shares value improved by Rs137 billion
KARACHI (Dunya News) – Pakistan Stock Exchange today (Wednesday) recovered sharply and closed with a gain of 2.7 percent after the Dollar slipped by 9 paisa to close at Rs 133.76.
The PSX-100 Index closed today (Wednesday) at 37647.34 points as compared to 36663.38 points on the last working day with a positive change of 983.96 points.
The total turnover was 101,313,610 as compared to 181,729,720 on the last working day. The total turnover was 194,167,150 as compared to 181,729,720 on the last working day with TRG Pak Ltd having the highest turnover of 22,105,000.
Total 385 companies’ transacted shares in the Stock Market, out of which 324 recorded gains and 46 sustained losses whereas the share price of 15 companies remained unchanged.
Rafhan Maize recorded the maximum increase in its share price, which was 299.00 rupees while Pak Tobacco recorded maximum decrease that was 125.00 rupees.
In all, the PSX shares value improved by Rs137 billion.
On the other hand, Dollar rate in interbank market slipped by 9 paisa to close at Rs133.76 after witnessing an increase of 15paisa on Tuesday.
Meanwhile, the Dollar in open market witnessed an increase of 50 paisa to close at Rs134.
Activity slowed during the interim, however, index maintained the points gained during the early hours.
Sectors contributing to the perfromacne include Fertilizer (+171 points), E&P (+170 points), Banks (+151 points), Cement (+117 points) and O&GMCs (+87 points).
Volumes made a consecutive increase to 193.5 million shares in comparison with 181.7 million yesterday (+7 percent DoD).
