Unity and Uplift: Pakistan-Saudi Defence Deal Fuels PSX’s Bullish Breakout

Date:

KARACHI: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 1,775.65 points, a positive change of 1.14 percent, closing at 157,953.47 points against 156,177.82 points on the previous trading day.

The ready market saw robust activity with 1,959,100,058 shares traded, valued at Rs.56.93 billion, compared to 1,499,302,473 shares worth Rs.48.85 billion the previous day.

Overall, 485 companies transacted shares in the market; 332 posted gains, 124 sustained losses, while 29 remained unchanged.

Top trading companies by volume were Cnergyico PK with 213,091,825 shares at Rs.8.41 per share, WorldCall Telecom with 141,834,094 shares at Rs.1.78, and Fauji Foods Ltd with 101,805,720 shares at Rs.21.51.

Supernet Technologies Limited recorded the highest increase, rising by Rs.89.54 to close at Rs.984.93, followed by Nestle Pakistan Limited, which gained Rs.75.78 to close at Rs.8,425.78.

On the downside, Unilever Pakistan Foods Limited lost Rs.160.72, closing at Rs.32,439.26, while Rafhan Maize Products Company Limited declined by Rs.115.57 to close at Rs.9,583.98.

In the futures market, 358,784,000 shares were traded, valued at Rs.12.71 billion, compared to 270,465,500 shares worth Rs.12.44 billion the previous day.

Among 319 companies, 246 advanced, 71 declined, and 2 remained unchanged.

Leading futures turnover included KOSM-SEP with 44,666,500 shares at Rs.8.01, CNERGY-SEP with 29,877,500 shares at Rs.8.45, and FFL-SEP with 29,203,500 shares at Rs.21.63.

GHNI-OCT recorded the highest gain, rising by Rs.15.44 to Rs.868.00, while GAL-OCT declined by Rs.14.00 to Rs.585.00.

A day earlier, the stock marked witnessed dropped 3.12 points, closing at 156,177.82 points against 156,180.94 points on the previous trading day.

The ready market saw robust trading activity with 1,499,302,473 shares exchanged, valued at Rs 48.85 billion, compared to 1,356,004,531 shares worth Rs 43.28 billion the previous day.

Overall, 485 companies transacted their shares; 235 posted gains, 219 faced declines, while 31 remained unchanged. Top trading companies in the ready market by volume included WorldCall Telecom with 137,768,248 shares closing at Rs 1.72, Media Times Ltd trading 94,000,448 shares at Rs 5.86, and Bank of Punjab with 84,069,639 shares at Rs 21.71 per share.

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