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Bearish trend at opening of business in Pakistan Stock Exchange after historic high

by Web Desk
July 19, 2024
in Business
After the decline in the stock market, the bullish trend is back today, the index crosses 95 thousand points
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The Pakistan Stock Exchange witnessed a bearish trend at the opening of business, with the 100 index down by 255 points.

During the business, the index was seen trading at 81 thousand 584 points. It should be noted that the stock market, which opened yesterday after a two-day holiday, continued its bullish trend and the index closed at the new highest level in the history of the country at 81800 points with an increase of 600 points.

An increase of more than 126 billion rupees was recorded in the market capital, as a result of which the total volume of capital exceeded 108 trillion rupees, while 52.95 percent share prices also increased.

Yesterday’s trading saw buying in various sectors including Fertilizer, E&P, Banking and Auto.

In the Pakistan Stock Market yesterday, 47 crore 3 lakh 10 thousand shares worth 25 billion rupees were traded while on Monday 44 crore 13 lakh 38 thousand shares worth 27 billion rupees were traded.

A total of 457 companies were traded in the Pakistan Stock Exchange last day, out of which 242 companies’ share prices increased, 155 companies decreased and 60 companies’ share prices remained stable.

In terms of business, Pak Electron 4 crore 79 lakh, PIA Holding Company 2 crore 53 lakh, PTCL 2 crore 50 lakh, Fuji Fertilizer Bin Qasim 2 crore 35 lakh and World Call Telecom 1 crore 72 lakh shares deals. Be on top.

In terms of price volatility, the price of Rafhan Mueez Product Company Limited recorded an increase of Rs.130.00, making its share price Rs.7730.00.

With an increase of Rs 80.87, the share price of PIA Holding Company Limited reached Rs 1037.30, while the price of Pakistan Tobacco Company Limited decreased by Rs 69.75, making its share price Rs 944.50, a decrease of Rs 34.90. Shares of Data Agro Limited fell to Rs 332.49.

Tags: commissiongovernmentinternationalNationaltime line news
Web Desk

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