PSX Records Highest-Ever Closing After Gaining 615 Points  

The 100-Index of the Pakistan Stock Exchange (PSX) continued its bullish trend on Friday, gaining 615.16 points, and finishing the session at its highest-ever closing of 82,074.45 points.   In a note, brokerage house Topline Securities highlighted that the KSE-100 Index continued its momentum and largely traded in a positive zone during the trading session, as the index gained to make an intraday high of 913 points and finally settled at 82,372 level.    The brokerage house attributed the positivity to lower-than-expected selling on account of the FTSE rebalance today (FTSE Russell in its review announced the reclassification of Pakistan from Secondary Emerging to Frontier Market status).   A total of 482,373,803 shares were traded during the day as compared to 459,037,985 shares the previous day, whereas the price of shares stood at Rs. 30.188 billion against Rs. 18.610 billion on the last trading day.    As many as 453 companies transacted their shares in the stock market, 195 of them recorded gains, and 196 sustained losses, whereas the share price of 62 companies remained unchanged.   The three top trading companies were First Capital Securities with 31,588,613 shares at Rs. 2.76 per share, Oil and Gas Development with 29,408,063 shares at Rs. 141.29 per share and Fauji Fertilizer Bin Qasim with 28,625,529 shares at Rs. 44.36 per share.   Unilever Pakistan Foods Limited witnessed a maximum increase of Rs. 107.92 per share price, closing at Rs. 17,616.25, whereas the runner-up was Service Industries Limited with Rs. 67.09 rise in its per share price to Rs. 1,149.79.   Ismail Industries Limited witnessed a maximum decrease of Rs. 31.79 per share closing at Rs. 1,625.94 followed by ZIL Limited with Rs. 23.53 decline to close at Rs. 215.70.