Bulls return to PSX as benchmark index gains 316 points

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a bullish trend with the benchmark KSE-100 index gaining 316.62 points, with a positive change of 0.69 percent, closing at 45,922.042 points.

The market opened on a positive note at 45,605.42 points and bullish sentiments prevailed in the market through to the end of the session. The benchmark hit a day’s high of 46,013.36 points near the end of the session, while the market opening remained the day’s low.

A total of 825,893,776 shares were traded during the day compared to the trade of 588,039,825 shares the previous day whereas the price of shares stood at Rs21.138 billion against Rs17.746 billion previous day.

As many as 414 companies transacted shares in the stock market, 272 of them recorded gain and 124 sustained losses whereas the share price of 18 companies remained unchanged.

The three top traded companies were K-Electric Ltd with a volume of 250,242,000 shares, Hum Network with a volume of 68,503,000 and Unity Foods Ltd with a volume of 29,800,575.

Millat Tractors recorded a maximum increase of Rs43.96 per share, closing at Rs1161.05 whereas Khyber Tobacco was runner up with an increase of Rs34.03 per share, closing at Rs487.77.