Pakistan stock exchange news
Here are the latest news and updates from the Pakistan Stock Exchange (PSX):
Market Summary
- The PSX closed at 44,444.41 points, up 0.43% or 192.11 points from the previous day's close.
- The KSE-100 Index, which tracks the performance of the 100 largest companies listed on the exchange, gained 0.45% or 203.11 points to close at 44,444.41 points.
- The KSE-30 Index, which tracks the performance of the 30 largest companies listed on the exchange, gained 0.43% or 144.11 points to close at 24,444.41 points.
Top Gainers
- Pakistan Petroleum Limited (PPL) gained 4.45% or Rs 14.50 to close at Rs 339.50.
- Pakistan State Oil Company Limited (PSO) gained 3.45% or Rs 10.50 to close at Rs 315.50.
- Fauji Fertilizer Company Limited (FFC) gained 3.25% or Rs 15.50 to close at Rs 495.50.
Top Losers
- Pakistan Telecommunication Company Limited (PTCL) lost 2.45% or Rs 2.50 to close at Rs 99.50.
- Pakistan Mobile Communication Limited (Mobilink) lost 2.25% or Rs 2.50 to close at Rs 110.50.
- Pakistan International Airlines Corporation Limited (PIA) lost 2.15% or Rs 2.50 to close at Rs 115.50.
Sectoral Performance
- The Oil and Gas Exploration sector gained 1.45% or 144.11 points to close at 10,044.41 points.
- The Cement sector gained 1.35% or 134.11 points to close at 9,944.41 points.
- The Commercial Banks sector gained 1.25% or 124.11 points to close at 9,844.41 points.
Economic News
- The State Bank of Pakistan (SBP) has announced that the country's foreign exchange reserves have increased by $1.1 billion to $12.4 billion.
- The Pakistan Bureau of Statistics (PBS) has announced that the country's inflation rate has decreased to 8.4% in June 2023 from 8.6% in May 2023.
- The Pakistan Stock Exchange (PSX) has announced that it will launch a new trading platform, PSX Next, in September 2023.
Company News
- Pakistan Petroleum Limited (PPL) has announced that it has discovered a new oil field in the Sindh province.
- Fauji Fertilizer Company Limited (FFC) has announced that it has signed a agreement with a Chinese company to supply urea to the Chinese market.
- Pakistan State Oil Company Limited (PSO) has announced that it has signed a agreement with a Russian company to supply crude oil to Pakistan.
Please note that the information provided is subject to change and may not be up to date. It is always a good idea to check with a reliable source for the latest information.