Islamabad (Web Desk/Agencies): Prime Minister Shehbaz Sharif on Thursday congratulated the entire nation as the 100-index of the Pakistan Stock Exchange hits the milestone of 100,000 points for the first time.
In a statement, the premier said that the stock market surge reflected the confidence of the business community and investors in the government’s economic policies.
Lauding the efforts by the government’s economic team for the promotion of investment in the country, PM Shehbaz said that he had pledged with the nation to take all-out measures for economic stability and national development.
He said that the government’s sacrifice of its politics to save the country from the default did not go in vain.
“The positive trend (in the stock market) revived with the return of the insurgent group. The enemies of the country’s stability are once again attempting to derail the country,” the prime minister remarked.
He said that besides further reduction in inflation, the policy rate had been brought down to 15% and remittances were on an upward trajectory.
“We will continue to strive for the country’s development. We will not let the enemies of the country’s progress and prosperity succeed in their nefarious designs,” he resolved.
The 100-Index of the Pakistan Stock Exchange (PSX) made history on Thursday by closing all time high at 100,082.77 points as compared to 99,269.25 points on the previous day, with gain of 813.52 more points, a positive change of 0.82 percent.
A total of 1,164,794,139 shares were traded during the day as compared to 1,057,104,968 shares the previous trading day, whereas the price of shares stood at Rs 39.776 billion against Rs.39.556 billion on the last trading day.
As many as 452 companies transacted their shares in the stock market, 290 of them recorded gains and 118 sustained losses, whereas the share price of 44 companies remained unchanged.
The three top trading companies were Bank of Punjab with 179,225,089 shares at Rs 8.85 per share, K-Electric with 64,868,271 shares at Rs 5.40 per share and Bank Makramah with 64,868,271 shares at Rs.2.73 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs.126.71 per share price, closing at Rs 19,494.84, whereas the runner-up was Service Industries Limited with Rs 51.21 rise in its per share price to Rs 1,226.69.
Rafhan Maize Products Company Limited witnessed a maximum decrease of Rs 110.75 per share closing at Rs 7m878.00 followed by PIA Holding Company LimitedB with Rs 21.70 decline to close at Rs.880.58.