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PSX Closes Above 147,000 Milestone for First Time in History

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Legal Editorial Desk
PSX Closes Above 147,000 Milestone for First Time in History
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Inde, gained 75 points on Tuesday, a positive of 0.05 percent, closing at 147,0056 points against 146,929 points last trading day. A total of 691,658,929 shares were traded during the day as compared to 611,205,197 shares the previous trading day, whereas the price of shares stood at Rs. 44.549 billion against Rs. 44.004 billion on the last trading day. As many as 482 companies transacted their shares in the stock market, 208 of them recorded gains and 242 sustained losses, whereas the share price of 32 companies remained unchanged. The three top trading companies were Yousuf Weaving with 46,269,963 shares at Rs. 6.09 per share, Kohinoor Spining with 39,944,966 shares at Rs. 6.47 per share and Invest Bank with 34,389,034 shares at Rs. 9.68 per share. PIA Holding Company LimitedB witnessed a maximum increase of Rs. 156.85 per share price, closing at Rs. 29,000.00, whereas the runner-up was Khyber Textile Mills Limited with Rs69.71 rise in its per share price to Rs. 1,477.00. Nestle Pakistan Limited witnessed a maximum decrease of Rs. 88.57 per share closing at Rs. 8,762.79 followed by Unilever Pakistan Foods Limited with Rs. 79.40 decline in its share price to close at Rs. 32,020.61.
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Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

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