Bulls return to PSX after IMF greenlights govt's circular debt plan

Bulls hold sway as PSX gains over 164.61 points


ISLAMABAD: The Pakistan Stock Exchange (PSX) KSE 100 index turned losses on Wednesday, adding 164.61 points, or 0.38%, to 43,042.96 points, from 42,878.35 points in the previous working day.

A total of 183,707,688 shares were traded on the day compared to the previous day’s volume of 226,106,524 shares at Rs 6.066 crore and Rs 7.120 crore the previous day.

A total of 341 companies traded on the stock market, of which 148 rose, 167 lost money and 26 remained unchanged.

The three major trading houses were Ghani Glo Hol with 12,791,000 shares traded at Rs 15.49 per share, Pak Int bulk with 12,531,500 shares traded at Rs 6.17 per share and TPL Properties with 11,135,847 shares traded at Rs 6.17 per share The share price is Rs 23.48.

Sapphire Tex was the biggest gainer at Rs 67.30 per share to close at Rs 1,029.80, while the runner-up was Wyeth Pak Ltd, which rose Rs 83.99 to Rs 2,084.

Philip Morris Pak was the biggest loser at Rs 44.38 at Rs 675, followed by Rafhan Maize, whose shares fell by Rs 138 to close at Rs 11,861.

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