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Electricity tariff reduction, PSX reaches all time high

ISLAMABAD: After Prime Minister Shehbaz Sharif announcement of reduction in the electricity tariff today for both domestic and commercial consumers, the KSE 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Thursday.

The PSX gained an all time high of 1,131.36 points, while closed at 118,938.11 points.

A total of 422,702,593 shares were traded during the day , whereas the price of shares stood at Rs 28.211 billion.

As many as 452 companies transacted their shares in the stock market,247 of them recorded gains and 154 sustained losses, whereas the share price of 51 companies remained unchanged.

The three top trading companies were Sui South Gas with 53,236,136 shares at Rs 39.71 per share, Cnergyico PK with 20,023,874 shares at Rs8.17 per share and Pak Elektron 15,764,924 shares at Rs 46.41 per share.