Pakistan stock market continues positive trend, gains 386 points

KARACHI: The Pakistan Stock Exchange (PSX) maintained its upward trajectory for the second consecutive day today (Thursday).

The benchmark KSE 100-index witnessed a gain of 386.60 points (1.19%) and closed at 32,850.53 points as compared to 32,464.23 points on the last working day.

A total of 204,362,252 shares were traded compared to the trade 239,873,143 shares during the previous day. The value of shares traded during the day stood at Rs 9.405 billion.

As many as 333 companies transacted shares in the stock market, out of which 160 recorded gain and 151 sustained losses whereas the share price of 22 companies remained unchanged.

Meanwhile, the KSE 30-index increased by 198.43 points (1.39%) and closed at 14,424.47 points.

The three top traded companies were Maple Leaf with a volume of 25,623,500 shares, Hascol petrol with a volume of 22,539,500 shares and Fauji Cement with a volume of 12,230,000 shares.

The stock market remained tense as bulls clashed with bears to maintain the upper hand. The market was triggered as the State Bank of Pakistan received $1.39 billion under the Rapid Financing Instrument from the International Monetary Policy (IMF).