The 100-Index of the Pakistan Stock Exchange (PSX) gained 30.18 points on Friday to close at 85,483.40 points.
A total of 560,740,534 shares were traded during the day as compared to 503,750,595 shares the previous trading day, whereas the price of shares stood at Rs 26.121billion against Rs. 27.912 billion on the last trading day.
In a bief note, Brokerage house Topline Securities highlighted that negotiations with Independent Power Producers (IPPs) where five IPPs have agreed for early termination of Power Purchase Agreements (PPA) changed the market sentiment, as KSE 100 Index largely traded in negative zone during the trading session making an intraday low of 679 points.
However, some recovery was observed at closing hours of trade as the index recovered to barely close slightly above yesterday`s closing, it added.
As many as 435 companies transacted their shares in the stock market, 130 of them recorded gains and 251 sustained losses, whereas the share price of 54 companies remained unchanged.
The three top trading companies were Hub Power Company with 58,159,761 shares at Rs. 106.90 per share, PTCL with 51,351,566 shares at Rs. 15.70 per share and WorldCall Telecom with 45,693,545 shares at Rs. 1.18 per share.
Nestle Pakistan Limited witnessed a maximum increase of Rs. 153.70 per share price, closing at Rs 6,931.45, whereas the runner-up Rafhan Maize Products Company Limited with Rs. 116.35 rise in its per share price to Rs. 7,144.35.
Hallmark Company Limited witnessed a maximum decrease of Rs. 120.64 per share closing at Rs. 1,092.67 followed by Unilever Pakistan Foods Limited with Rs. 88.50 decline to close at Rs. 17,612.00.
