PSX witnesses bullish trend as KSE 100 Index gains 257 points

KARACHI: Pakistan Stock exchange (PSX) has witnessed an upward trend on the first day of the trading week as the KSE 100 Index gained 257.51 points.

According to details, the benchmark KSE-100 index gained 257.51 points, with a positive change of 0.59 percent, closing at 43,674.28 points against 43,416.77 points on the last working day.

A total 463,412,081 shares were traded during the day compared to the trade of 570,583,163 shares the previous day whereas the price of shares stood at Rs.18.892 billion against Rs. 25.513 billion previous day.

As many as 398 companies transacted shares in the stock market, 225 of them recorded gain and 154 sustained losses whereas the share price of 19 companies remained unchanged.

The three top traded companies were K-Electric Ltd with a volume of 47,200,500 shares and price per share of Rs.3.81, Unity Foods Ltd with a volume of 31,869,000 and price per share of Rs.28.51 and TRG Pak Ltd with a volume of 25,870,000 and price per share of Rs. 78.42.

Sapphire Fiber recorded maximum increase of Rs.63.99 per share, closing at Rs.980 whereas Bata (Pak) was runner up with an increase of Rs.30 per share, closing at Rs. 1530.