PSX gains 83 points to close at 33,250
A total of 165,485,500 shares were traded.
ISLAMABAD (Dunya News) – Pakistan Stock Exchange (PSX) on Monday witnessed bullish trend as KSE-100 index bounced by 83.92 points (0.25 percent) to close at 33,250.54points.
A total of 165,485,500 shares were traded, whereas the value of shares traded during the day stood at Rs6.086 billion.
As the trading commenced, negative trend later dominated the market, while the benchmark KSE 100-share Index had recorded a significant reduction of 800 points.
Out of 343 companies, share prices of 207 companies recorded increase while 122 companies registered decrease whereas 14 companies remained stable in today’s trading.
The three top traded companies were K-Electric Limited with a volume of 12,322,000 and price per share of Rs3.90, TRG Pak Ltd with a volume of 9,867,500 and price per share of Rs15.28 and Unity Foods Ltd with a volume of 9,530,000 and price per share of Rs9.25.
The top advancer was Rafhan Maize XD with the increase of Rs65.50 per share, closing at Rs6250 while Pak Tobacco XD was runner up with the increase of Rs57.21 per share, closing at Rs2579.24.
The top decliners were Colgate Palm with the decrease of Rs50 per share, closing at Rs1900 and Sanofi-Aventis with the decrease of Rs35.65 per share closing at Rs677.35.
Pakistan is believed to have adopted stringent demands under the International Monetary Fund (IMF) $6 billion bailout package. According to economists, the PTI-led government will need to perform vigilantly and persistently to recover from the economic crisis.
