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PSX remains bullish as benchmark index gains 80 points

PSX remains bullish as benchmark index gains 80 points

KARACHI: The Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday as KSE-100 index witnessed an increase of 80.85 points and touched the benchmark of 35358.31 points.

The KSE-100 index continued bullish trend and witnessed an increase of 0.23 percent as compare to the trading of 35,277.46 points on last trading day.

A total of 308,484,510 shares were traded compared to the trade of 207,782,700 shares during the previous day, whereas the value of shares traded during the day stood at Rs8.678 billion compared to Rs8.480 billion during last trading day.

In total 370 companies transacted shares in the Stock Market on Tuesday, out of which 194 witnessed gains and 153 sustained losses whereas the share price of 23 companies remained unchanged.

The three top traded companies were WorldCall Telecom with a volume of 81,714,000 shares and price per share of Rs1.2, Maple LeafXDXR with a volume of 15,276,500 and price per share of Rs18.15 and Lotte Chemical with a volume of 12,722,000 and price per share of Rs16.58.

Colgate Palm recorded the maximum increase of Rs70.25 per share, closing at Rs1655.91 whereas Indus Motor CoXd was runner up with the increase of Rs48.22 per share, closing at Rs1012.76.

Island Textile recorded maximum decrease of Rs87.15 per share, closing at Rs43.78 whereas Sapphire Tex XD decreases Rs43.78 per share closing at Rs832.

The PSX index witnessed an increase of 980.7 points during the first two trading days of the current week, depicting investors’ confidence over the business environment and their rejection of ‘dharnas and marches’.

On Monday, the PSX noted considerable bullish trend as KSE 100 index closed at 35,277.46 points as compared to 34,377.61 points on the last trading day, with positive change of 899.85 points (2.62%).

A total of 207,782,700 shares were traded compared to the trade of 157,118,951 shares during the previous day, whereas the value of shares traded during the day stood at Rs8.480 billion compared to Rs6.463 billion during last trading day.

In total 370 companies transacted shares in the Stock Market Friday, out of which 278 witnessed gains and 80 sustained losses whereas the share price of 12 companies remained unchanged.