PSX cheers flood aid pledges worth billions

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KSE-100 index rises by 296.75 points to settle at 40,801.51
ISLAMABAD
The 100-index of the Pakistan Stock Exchange (PSX) turned around to a bullish trend on Tuesday, gaining 296.75 points, a positive change of 0.73 percent, closing at 40,801.51 against 40,504.76 points the previous day.
A total of 214,346,791 shares were traded during the day as compared to 163,939,925 shares the previous day, whereas the price of shares stood at Rs 6.565 billion against Rs 6.890 billion on the last trading day.
As many as 337 companies transacted their shares in the stock market; 231 of them recorded gains and 82 sustained losses, whereas the share price of 24 companies remained unchanged.
The three top-trading companies were Cnergyico PK with 18,019,410 shares at Rs 4.03 per share Unity Foods Ltd with 17,214,821 shares at Rs 15.03 per share, and Pak Refinery with 14,030,580 shares at Rs 14.11 per share.
Premium Textile witnessed a maximum increase of Rs 40.92 per share price, closing at Rs 650.50, whereas the runner-up was Colgate Palm with a Rs 29.98 rise in its per share price to Rs 1889.99.
Rafhan Maize witnessed a maximum decrease of Rs 439.01 per share closing at Rs 8909.99, followed by Reliance Cotton with Rs 25.00 decline to close at Rs 675.00.
PSX becomes signatory of women’s empowerment principles
In a positive move forward signifying Pakistan Stock Exchange’s (PSX) efforts to promote increased women participation, gender equality and adopting gender-responsive policies, PSX has become a signatory of Women’s Empowerment Principles (WEPs).
According to PSX press release received here, WEPs, the founding partners of which are UN Women and UN Global Compact, are a set of principles aimed at advancing gender equality and women’s empowerment in the workplace, marketplace and community.
WEPs provide guidelines for corporates to deliver on gender equality standards of the 2030 agenda and the UN Sustainable Development Goals (SDGs). More information on UN SDGs is accessible at: https://sdgs.un.org&https://www.undp.org/sustainable-development-goals.
The WEPs constitute of seven basic principles to leverage the corporate world towards the goal of achieving a society prioritising gender equality, sustainability and growth. These seven principles are leadership, equality, health and safety, education & training, transparency, community, and markets.
Speaking at the occasion of PSX becoming a signatory of WEPs, MD & CEO PSX, Farrukh H. Khan, said by becoming a signatory of Women Empowerment Principles, we have sent a strong message that PSX was committed to and supports gender equality and women empowerment.
PSX has therefore reinforced its commitment to becoming a model corporate for attracting greater talent, regardless of gender or any other considerations, he said adding gender equality was a prerequisite for progressive societies and businesses, encapsulating the standards of sustainability and growth.
“Pakistan Stock Exchange, learning from the Women Empowerment Principles, will be focused on further strengthening our policies of gender equality, sustainability and growth. As a frontline regulator and listed entity, we believe that adopting these principles will help augment the business of the exchange while caring for the community, thereby becoming a positive force for change,” he said.
He said, while adhering to international best practices in terms of all functions, PSX would now be able to become a role model for listed companies in this particular domain as well.
Sharmeela Rassool, UN Women Pakistan, appreciated PSX for becoming a signatory of WEPs and said UN Women believes organization like PSX plays a leading role in shaping attitudes, challenging discrimination, harmful practices and developing a workplace where everyone is valued. This signing will create a real impact on gender equality through commitment and action, She added.