Pakistan Stock Exchange (PSX) continued the strong bullish trend on Monday, the first trading day of the week, following witnessing a surge of over 7,500 points during last week.
The benchmark KSE-100 market gained 1421.08 points, with a positive change of 1.08%, closing at 133,370.14 points against 131,949.06 points in the previous session.
The stock market also reached 133,862.01 points during the trading, however later lost some points due to selling pressure.
A total of 342,949,168 shares were traded during the day as compared to 733,079,943 shares the previous trading day, whereas the price of shares stood at Rs 28. 347 billion against Rs 34.924 billion on the last trading day.
As many as 467 companies transacted their shares in the stock market, 215 of them recorded gains and 236 sustained losses, whereas the share price of 16 companies remained unchanged.
Buying was observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs, and refineries. Index-heavy stocks, including ARL, HUBCO, PSO, SSGC, EFERT, MCB, MEBL, and UBL traded in the green.
