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Hub Power Became the Largest Company at PSX after Bumper Dividend

admin-augaf by admin-augaf
October 4, 2022
in Business, Finance
Reading Time: 2 mins read
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Hub Power Became the Largest Company at PSX after Bumper Dividend

Hub Power Became the Largest Company at PSX after Bumper Dividend

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Karachi October 4 2022: Hub Power Company Limited (HUBC) became the largest company at Pakistan Stock Exchange as its weight in KSE-100 index surpassed that of Engro Corporation and Fauji Fertilizer Company Limited, according to data available at PSX.

The Hub Power Company Limited index weight increased to 4.67 percent followed by 4.58 percent of Engro Corporation Limited (ENGRO) and 4.37 percent of Fauji Fertilizer Company Limited (FFC).

The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 138.73 points, a positive change of 0.34 percent, closing at 41,350.43 against 41,211.70 points on the last working day.

A total of 593,437,368 shares were traded during the day compared to 185,369,288 shares the previous day, whereas the price of shares stood at Rs.9.350 billion against Rs. 9.382 billion on the last trading day.

As many as 352 companies transacted their shares in the stock market,161 of them recorded gain and 165 sustained losses, whereas the share price of 26 companies remained unchanged.

The three top trading companies were WorldCall Telecom with 346,036,500 shares at Rs.1.63 per share on news of its parent company listing at NASDAQ for future projects , Flying Cement with 30,372,500 at Rs.8.19 on expectation of increase in cement production capacity and K-Electric Ltd with 19,373,500 at Rs.2.94 per share on corporate restructuring.

Pak Services witnessed a maximum increase of Rs56.50 per share price, closing at Rs.1,080 whereas the runner up was Sapphire Fiber with Rs 56 rise in per share price to Rs.1,289.

Premium Textile witnessed maximum decrease of Rs.59.99 per share closing at Rs740 followed by Blessed Textile with Rs 34.99 decline to close at Rs.465.

Tags: DividendPSX
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