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Bulls dominate PSX as benchmark index accumulates 790 points

 It settled higher by 790.07 points at 46,974.78.

KARACHI: Bulls continued to charge relentlessly on Monday, 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 47,251.71 after accumulating 1,067. It settled higher by 790.07 points at 46,974.78.

Late on Saturday, the Pakistan Stock Exchange announced to temporarily revert to the previous trading system (KATS) after material issues emerged in the Jade Trading Terminal (JTT) of the new trading system (NTS), implemented by the bourse on previous Monday (October 25).

Moreover, optimism over assistance from Saudi Arabia lent further support to the rally. The market also weighed sentiment on the expected announcement of resumption of the International Monetary Fund (IMF) bailout programme by the government.

The total volume and value traded in the KSE All Share Index clocked in at 430.01 million shares and Rs14.78 billion respectively. The volume leader for today was WTL with 53.86mn shares traded during the session.