KARACHI: Bulls prevailed at Pakistan Stock Exchange (PSX) in early session amid hopes of completion of ninth review of IMF programme. Benchmark KSE-100 index climbed to 39,825.80 points, up 413.82 points, or 1.97 percent in mid-trade session. A total of 179,760,927 shares were traded during day as compared to 81,287,333 shares previous day, whereas price of shares stood at Rs 6.368 billion against Rs 2.809 billion on last trading day.

As many as 326 companies transacted their shares in stock market, 225 of them recorded gains and 74 sustained losses, whereas share price of 27 companies remained unchanged.

Three top-trading companies were Pak Petroleum with 13,159,970 shares at Rs 78.15 per share, Maple Leaf with 12,487,144 shares at Rs 20.50 per share and WorldCall Telecom with 11,869,660 shares at Rs 1.14 per share. Pak Services witnessed maximum increase of Rs 146.67 per share price, closing at Rs 2,130.00, whereas runner-up was Reliance Cotton with Rs 48.75 rise in its per share price to Rs 698.75.

Sapphire Tex witnessed maximum decrease of Rs 82 per share closing at Rs1,018 followed by Wah-Noble with Rs.11.45 declines to close at Rs 147.50.

Published in The Daily National Courier, January, 26 2023

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