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Bulls dominate PSX as benchmark index gains 978 points

MM News Staff by MM News Staff
March 17, 2021

KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend today (Monday), gaining 978.51 points, with a positive change of 2.23 percent, closing at 44,766.59 points.

The KSE-100 index shot up from the moment trading began and, despite a brief drop in the mid-day hours, maintained its upward trajectory. A total 455,550,207 shares were traded during the day, whereas the price of shares stood at Rs21.959 billion.

As many as 403 companies’ transacted shares in the stock market, 332 of them recorded gain and 59 sustained losses whereas the share price of 12 companies remained unchanged.

The three top traded companies were TRG Pak Ltd with a volume of 24,898,626 shares and price per share of Rs119.99, Unity Food Ltd with a volume of 23,636,738 and price per share of Rs26.56 and Fauji Cement with volume of 21,085,000 and price per share of Rs22.66.

The index added 1,987 points, or 4.64 percent, cumulatively during the last two successive sessions. This is the highest two-day increase since April 20, 2020 when the index added 2,170 points during two trading sessions.

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