Bulls return to PSX as benchmark index gains 487 points

ISLAMABAD: After lacklustre performances in the past five sessions, Pakistan Stock Exchange (PSX) today (Tuesday) witnessed a bullish trend, with the benchmark index rose over 45o points.

The bullish trend accelerated in the final hour and helped the KSE-100 index to close above the 44,500-point mark. At close, the benchmark KSE-100 index recorded an increase of 487.39 points, or 1.11%, to settle at 44,563.59 points.

Overall trading volumes declined to 221.5 million shares compared with Monday’s tally of 238.4 million. The value of shares traded during the day was Rs10.1 billion.

Shares of 371 companies were traded. At the end of the day, 242 stocks closed higher, 110 declined and 19 remained unchanged.

The three top traded companies were Unity Foods Ltd with a volume of 33,874,028 shares and price per share of Rs32.06, Telecard Limited with a volume of 26,289,000 and price per share of Rs13.75 and Ghani Glo Hol with volume of 23,573,000 and price per share of Rs35.98.