market capitalisation Archives

PSX hits historic milestone, closes above 80,000 points for…

3 July 2024
by admin

The Pakistan Stock Exchange (PSX) achieved a historic milestone on Wednesday as the KSE-100 index closed at 80,233.67 points, marking the first time it has ended a session above the 80,000 mark.

This significant surge follows a continued bullish trend, with the index gaining 680 points from the previous session.

During intra-day trading, the index reached a high of 80,193.76 points at 11:28 AM, driven by rising global crude oil prices, strong dividend expectations from the oil sector, and ongoing positive discussions for an International Monetary Fund (IMF) bailout deal.

The market’s upward momentum has been consistent, with the index crossing the 79,000 points mark on Tuesday.

Earlier in the week, the PSX gained nearly 380 points on the first trading day of the new fiscal year and saw a substantial 892-point increase on Tuesday.

Science & Environment

Mcap of Three of Top-10 Most Valued Firms Jumps…

23 June 2024
by admin

Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per cent.

In the ranking of the most valued firms, Reliance Industries retained the number one place followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, Hindustan Unilever and ITC.

The combined market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore in holiday-shortened last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers. Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per cent.

While HDFC Bank, ICICI Bank and Infosys were the gainers from the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, State Bank of India, Life Insurance Corporation of India (LIC), Hindustan Unilever and ITC faced a combined erosion to the tune of Rs 1,01,769.1 crore.

The market capitalisation (mcap) of HDFC Bank zoomed Rs 52,091.56 crore to Rs 12,67,056.69 crore. ICICI Bank added Rs 36,118.99 crore taking its valuation to Rs 8,13,914.89 crore. The mcap of Infosys climbed Rs 17,915.43 crore to Rs 6,35,945.80 crore.

However, the market valuation of Reliance Industries tumbled Rs 32,271.31 crore to Rs 19,66,686.57 crore. LIC lost Rs 27,260.74 crore from its mcap which stood at Rs 6,47,616.51 crore. ITC’s valuation eroded by Rs 14,357.43 crore to Rs 5,23,858.91 crore and that of Hindustan Unilever dropped by Rs 8,904.95 crore to Rs 5,73,617.46 crore.

The mcap of TCS tanked by Rs 8,321.6 crore to Rs 13,78,111.45 crore and that of Bharti Airtel diminished by Rs 7,261.72 crore to Rs 8,04,262.65 crore.

State Bank of India’s valuation declined by Rs 3,391.35 crore to Rs 7,46,454.54 crore.

In the ranking of the most valued firms, Reliance Industries retained the number one place followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, Hindustan Unilever and ITC.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More

Tag: <span>market capitalisation</span>

PSX hits historic milestone, closes above 80,000 points for…

Mcap of Three of Top-10 Most Valued Firms Jumps…

In the ranking of the most valued firms, Reliance Industries retained the number one place followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, Hindustan Unilever and ITC.