Share prices rally at Pakistan Stock Exchange
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Share prices rallied at the Pakistan Stock Exchange (PSX) on Wednesday tossing the index to over 86,000 once again as the country hosts 23rd Shanghai Cooperation Organisation Summit in Islamabad, reported 24NewsHD TV channel.
The buyers were on the rampage as soon as the trading was set in motion lifting the benchmark KSE-100 index by 462.00 points 0.54 percent to 86,302.34 points, as compared to Tuesday’s 85,840.34 points.
On Tuesday, a total of 422,107,359 shares were traded whereas the price of shares stood at Rs24.467 billion.
As many as 443 companies transacted their shares in the stock market, 202 of them recorded gains and 174 sustained losses, whereas the share prices of 67 companies remained unchanged.
The three top trading companies were PTCL with 37,868,367 shares at Rs15.73 per share, Hub Power Company with 33,284,625 shares at Rs98.83 per share and Kohinoor Spinning with 22,458,138 shares at Rs7.59 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs126.95 per share price, closing at Rs17,477.45, whereas the runner-up was Reliance Pakistan Engineering Company Limited with Rs75.64 rise in its per share price to Rs876.30.
Reporter Baseem Iftikhar