PSX Records Highest-Ever Closing Just Shy of 118,000 Mark

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday gaining 973 points, a positive change of 0.82 percent, registering the highest-ever closing of 117,974 points in the process. In a note, brokerage house Topline Securities said that the market continued its upward momentum, fueled by strong buying activity from local institutions, peaking at 118,244 points during the day. The rally was primarily driven by HUBC, MARI, ENGROH, SYS, and PPL, which together contributed 551 points to the index. On the other hand, FFC, EFERT, and POL exerted downward pressure, pulling the index down by 54 points. A total of 544,200,130 shares were traded during the day as compared to 449,484,737 shares the previous trading day, whereas the price of shares stood at Rs. 32.31 billion against Rs. 29.178 billion on the last trading day. Pakistan International Bulk Terminal (PIBTL) topped the volume chart with 52 million shares traded.