PSX Gains 162 Points in Volatile Session

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 162.41 more points to close at 81,967.01 points against 81,804.59 points on the last working day.  A total of 360,987,426 shares were traded during the day as compared to 359,081,585 shares the previous trading day, whereas the price of shares stood at Rs. 15.391 billion against Rs. 17.160 billion on the last trading day.   In a brief note, brokerage house Topline Securities pointed out that the session saw significant volatility, peaking at 82,360 and dipping to 81,529, largely due to geopolitical tensions in the Middle East.  448 companies transacted their shares in the stock market, 164 of them recorded gains and 221 sustained losses, whereas the share price of 63 companies remained unchanged.  The three top trading companies were Agha Steel Industries with 30,832,938 shares at Rs. 10.72 per share, WorldCall Telecom with 26,473,160 shares at Rs. 1.21 per share and Fauji Cement with 20,045,582 shares at Rs. 27.41 per share.  Rafhan Maize Products Company Limited witnessed a maximum increase of Rs. 187.57 per share price, closing at Rs. 6,999.00, whereas the runner-up was Unilever Pakistan Foods Limited with Rs. 28.80 rise in its per share price to Rs. 17,295.80.  Hoechst Pakistan Limited witnessed a maximum decrease of Rs. 48.14 per share closing at Rs. 2,010.03 followed by Lucky Core Industries Limited with Rs. 28.86 decline to close at Rs 1,021.90.