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Bull-run continues at PSX as KSE-100 index gains 439 points

KSE-100 settled with a gain of 439.27 points or 1% to end at 44,339.95.

KARACHI: Bulls extended their control on the Pakistan Stock Exchange (PSX) on Friday, as positive triggers pushed the benchmark index up 1 percent, while volume declined from the last session.

The KSE-100 Index remained in the green for almost the entire session, registering its intraday high at 44,484.76 after gaining 584.08 points. At close, the KSE-100 settled with a gain of 439.27 points or 1% to end at 44,339.95.

Among other indices, the KMI-30 Index accumulated 735.24 points to close at 71,839.72, while the KSE All Share Index added 243.51 points, ending at 30,272.06.

Meanwhile, sectors adding the colour green to the index included cement (100.65 points), technology and communication (87.89 points) and fertiliser (58.20 points). Shares of 343 companies were traded on Monday, of which 248 registered an increase, 76 recorded a fall, and 19 remained unchanged.

Volume decreased, clocking in at 238.45 million on the all-shares index, down from 252.20 million on Friday. However, the value of shares traded improved to Rs9.4 billion, up from Rs8.05 billion.

TRG Pakistan Limited was the volume leader with 25.68 million shares, followed by WorldCall Telecom with 17.46 million shares, and Byco Petroleum at 13.94 million shares.

 

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