Stock Market Position: Pakistan Stock Exchange PSX remains bullish on Tuesday – Research Snipers

Stock Market Position: Pakistan Stock Exchange PSX remains bullish on Tuesday

pakistan stock

The Pakistan Stock Exchange PSX is out of crisis now, the market PSX remained bullish for the second consecutive day, the bullish trend was also recorded on Monday.

The KSE-100 Index closed on Tuesday at 46013.34 points as compared to 45741.43 points on the last working day, a positive change of 271.91 points was recorded during this period.

The turnover was also great reaching at 282,642,610 as compared to the previous 262,520,110 which was recorded on the last working day. The Lotte Chemical had the highest turnover of 28,394,000.

The shares activity has been increased on the Stock Market with 382 companies made transactions buying/selling share on the stock market on Tuesday, out of these 382 companies 173 companies witnessed gains while 189 companies were in loss, the shares of 20 companies were stagnant.

Bata (Pakistan) recorded the maximum increase in the share price, the share price reached 103.00 Rupees per share. The Colgate Palmolive had a maximum plunge in their shares, taking the share price to 157.45 Rupees.

Since August last year, Pakistan Stock Exchange PSX has been on a continuous decline, but now it seems that the things are changing in the favor of investors, for the past few weeks there has been an incremental change in overall PSX’s performance which is now shooting up rapidly.