PSX Sees Positive Trend First Time In 3 Months

(@mahnoorsheikh03)

PSX sees positive trend first time in 3 months

The stock market saw market capitalisation of Rs1.96 billion.

Lahore (Pakistan Point News – 22nd May, 2019) The pakistan stock exchange (PSX) on Wednesday witnessed positive trend as KSE 100 index gained by 1,195 points to close at 34,637 points.

This is for the first time in the past three months that the psx saw a positive trend.

The stock market saw market capitalisation of Rs1.96 billion.

On Tuesday, the PSX witnessed bullish trend as KSE 100 index bounced by 191.56 points (0.58 percent) to close at 33,442.10 points.

A total of 153,526,600 shares were traded, whereas the value of shares traded during the day stood at Rs 5.310 billion.

Out of 327 companies, share prices of 193 companies recorded increase while 115 companies registered decrease whereas 19 companies remained stable in today's trading.

On the other hand, Pakistan's rupee registered slight gains against the US Dollar on Wednesday.

The price of the dollar decreased by Rs0.32 to Rs151.60 in the interbank market, while in the open market it decreased by Rs0.50 to trade at Rs153.50.

Mahnoor Sheikh

The writer is News Editor, Pakistan Point. She has graduated in Mass Communication and has worked in various media houses