Bulls rule PSX as KSE-100 index gains 136 points

It finally settled higher by 136.79 points at 47,628.26.

KARACHI: Bulls ruled the Pakistan Stock Exchange (PSX) today (Thursday) as the benchmark KSE-100 Index closed at 47,628.26 points, gaining 136.79 points, or 0.29%.

The benchmark KSE-100 Index remained volatile throughout the session, touching its intraday high at 47,737.38 and intraday low at 47,388.42. It finally settled higher by 136.79 points at 47,628.26.

Among other indices, the KMI-30 Index gained 379.77 points to close at 77,259.56, while the KSE All Share Index added 54.70 points, ending at 32,439.15.

A total of 506,296,200 shares were traded during the day whereas the price of shares stood at Rs15.481 billion. As many as 425 companies transacted shares in the stock market, 234 of them recorded gain and 174 sustained losses whereas the share price of 17 companies remained unchanged.

The three top traded companies were WorldCall Telecom with a volume of 50,820,500 shares and price per share of Rs 3.42, K-Electric with a volume of 38,930,500 and price per share of Rs 3.91 and TLP Corp Ltd with volume of 36,350,500 and price per share of Rs 23.79.

Wyeth Pak Ltd witnessed maximum increase of Rs 150.37 per share, closing at Rs2155.37 whereas Indus Unilever Foods was runner up, share prices of which increased by Rs 140, closing at Rs16489.

Rafhan Maize recorded a maximum decrease of Rs 450 per share, closing at Rs 9950 followed by Pak Tobacco, the share prices of which decreased by Rs 71.17 per share, closing at Rs1226.83.