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PSX witnesses historic single-day gain of 5.90%, expands by 2,446 points

PSX witnesses historic single-day gain of 5.90%, expands by 2,446 points
July 3, 2023 Web Desk

ISLAMABAD (APP) - Bullish trend dominated at the 100-index of the Pakistan Stock Exchange (PSX), as it witnessed historic single-day gain of 2,446 points on Monday, a positive change of 5.90 per cent, closing at 43,899.01 points against 41,452.69 points the previous trading day.

Following the agreement with the International Monetary Fund (IMF), a total of 381,904,794 shares were traded during the day as compared to 234,748,468 shares the previous day, whereas the price of shares stood at Rs.8.647 billion against Rs. 7.476 billion on the last trading day.

As many as 357 companies transacted their shares in the stock market; 315 of them recorded gains and 36 sustained losses, whereas the share price of six companies remained unchanged.

Meanwhile, dollar lost Rs8 in the open market and was traded at Rs282.

On the other hand, the per tola price of 24 karat gold decreased by Rs.8,800 and was sold at Rs 207,200 on Monday against its sale at Rs 216,000 the previous day.

The price of 10 grams of 24 karat gold also decreased by Rs7,544 to Rs177,641 from Rs185,185 whereas the price of 10 grams 22 karat gold went down to Rs.162,837 from Rs169,753, the All Sindh Sarafa Jewellers Association reported.

The price of per tola silver declined by Rs.50 and was 2,500 whereas that of 10 gram silver went down by Rs42.87 to Rs.2,143.34. The price of gold in the international market increased by US$6 to $1912 from $1906, the association reported.