Bulls dominate PSX as benchmark index accumulates 573 points

KARACHI: Bulls continued to charge relentlessly on Friday, with the indices accumulating gains all day long amid surge in market volumes.

The benchmark KSE-100 remained in the green zone throughout the session, touching its intraday high at 47,226.11 after accumulating 600.99 points. It settled higher by 573.17 points at 47,198.29.

Among other indices, the KMI-30 Index accumulated 1,068.65 points to end at 76,996.39, while the KSE All Share Index added 361.10 points, closing at 32,388.43.

A total of 427,445,421 shares were traded during the day whereas the price of shares stood at Rs18.175 billion. As many as 528 companies’ transacted shares in the stock market, 308 of them recorded gain and 203 sustained losses whereas the share price of 17 companies remained unchanged.

The three top trading companies were Azgard Nine with a volume of 39,673,500 shares and price per share of Rs24.94, Service Fab(R ) with a volume of 33,537,000 and price per share of Rs3.39 and Maple Leaf with volume of 26,966,368 and price per share of Rs39.48.

Unilever FoodsXD witnessed a maximum increase of Rs1500 per share, closing at Rs21800. Rafhan MaizeXD was runner up, share prices of which increased by Rs629, closing at Rs11479.

Gaton Ind. recorded a maximum decrease of Rs18 per share, closing at Rs300 followed by AKD Hospitality, the prices of which declined by Rs15.01 per share, closing at Rs354.99.