PSX witnesses bullish trend, gains 3,881 points

PSX witnesses bullish trend, gains 3,881 points



ISLAMABAD  –  The benchmark KSE 100-index of the Pakistan Stock Exchange witnessed bullish trend on Monday, gaining 3,881.05 points, a positive change of 2.31 percent, closing at 171,725.29 points against 167,844.25 points on the last trading day, according to PSX data. During the session, the ready market recorded a trading volume of 506.355 million shares with a traded value of Rs31.146 billion, compared to 480.818 million shares valuing Rs22.721 billion in the previous session. The market capitalization increased to Rs18.989 trillion from Rs18.616 trillion a day earlier. Out of 489 active companies in the ready market, 345 advanced, 107 declined, and 37 remained unchanged. Bank of Punjab topped the volume chart with 27.289 million shares, followed by First National Equities with 25.566 million shares and Pak Int. Bulk with 24.880 million shares. The top gainers included Khairpur Sugar Mills Limited, which increased by Rs200.78 to close at Rs2,208.56, and Unilever Pakistan Foods Limited, which gained Rs79.00 to settle at Rs26,079.00.

On the losing side, PIA Holding Company LimitedB declined by Rs218.12 to close at Rs17,928.88, while Khyber Textile Mills Limited fell by Rs41.68 to close at Rs1,518.17.

In the futures market, turnover stood at 331.394 million shares with a traded value of Rs18.440 billion, compared to 226.439 million shares worth Rs10.160 billion in the previous session. Out of 318 futures-market companies, 286 recorded gains while 29 declined and 3 remained unchanged, according to PSX data.