PSX Gains 15 Points in Volatile Session

The 100-Index of the Pakistan Stock Exchange (PSX) gained 15.33 points on Thursday, showing a slight positive change of 0.02 percent, closing at 78,863.34 points against 78,848.01 points on the last working day. In a brief note, brokerage house Topline Securities noted that the index saw considerable volatility throughout the session, reaching a high of 79,154 and a low of 78,587. A total of 770,518,958 shares were traded during the day as compared to 969,768,756 shares the previous day, whereas the price of shares stood at Rs. 14.287 billion against Rs. 17.510 billion on the last trading day. As many as 444 companies transacted their shares in the stock market, 148 of them recorded gains and 252 sustained losses, whereas the share price of 44 companies remained unchanged. The three top trading companies were WorldCall Telecom with 87,102,864 shares at Rs. 1.34 per share, Pace (Pak) Limited with 66,581,544 shares at Rs. 5.66 per share and Kohinoor Spining with 42,137,767 shares at Rs. 10.29 per share. Hallmark Company Limited witnessed a maximum increase of Rs. 87.19 per share price, closing at Rs. 982.12, whereas the runner-up was Sazgar Engineering Works Limited with a Rs. 51.72 rise in its per share price to Rs. 1,010.23. Sapphire Fibres Limited witnessed a maximum decrease of Rs. 77.38 per share closing at Rs. 1,450.18 followed by Mari Petroleum Company Limited with Rs. 50.70 decline to close at Rs. 3,590.72.