PSX kicks off 2022 with 290-point rally

PSX gains 130.30 points to close at 44,043.74 points

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Islamabad: The Pakistan Stock Exchange (PSX) KSE 100 index showed a bullish trend on Tuesday, rising 130.30 points, or 0.30%, to close at 44,043.74 points, compared with 43,913.44 points on the last working day.

A total of 143,445,047 shares were traded that day, compared with 114,669,341 shares the previous day’s trading volume, and the stock price was 48.98 billion rupees, compared with 44.19 billion rupees the previous day.

As many as 367 companies  transacted shares in the stock market, 165 of them recorded gain and 174 sustained losses, whereas the share price of 28 companies remained unchanged.

The three top trading companies were Unity Foods LTD with a volume of 18,872,895 shares and price per share of Rs1.13, TRG Pak Ltd with a volume of 12,413,718 and price per share of Rs118.21 and Hum Network with volume of 11,745,500 and price per share of Rs6.72.

Nestle Pakistan witnessed a maximum increase of Rs100 per share, closing at Rs5500 whereas the runner up was Sanofi-Anentis, the share prices of which climbed up by Rs61.17 to Rs876.90.

Mehmood Tex. saw the biggest drop of 39.00 rupees to close at 481.00 rupees, followed by Philip Morris Pak, whose share price fell by 34.99 rupees to close at 1715.00 rupees.

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