Pakistan Stock Exchange (PSX) maintained the bullish trend on the first trading day of the week on Monday and the benchmark KSE-100 index gained 663.43 points with a positive change of 0.57%, closing at 116,199.59 against 115,536.16 points on the previous session.
Soon after the market opened on Monday it witnessed rally and reached to 116,626.82 points with gaining over 1000 points, however later the selling pressure forced the Index to fall and set at 116,199.59.
In total 285,527,559 shares were traded with a total value of Rs.26.703 billion. The high point of the market recorded at 116,626.82 and the low at 115,883.22 points.
As many as 446 companies transited their shares, of which shares of 177 companies gained value, shares of 211 companies dropped value while the value of the share of 58 companies remained unchanged.
Buying was observed in key sectors including automobile assemblers, commercial banks, oil and gas marketing companies, and OMCs. Index-heavy stocks including MARI, OGDC, PPL, PSO, SNGPL, MCB, MEBL and NBP traded in the green.
During the previous week, the PSX remained positive due to potential development related to settlement of energy circular debt and the International Monetary Fund (IMF) Extended Fund Facility (EFF) program.
The benchmark KSE-100 index rose by 1,137 points, or 1%, week-on-week, closing at 115,536 points compared to 114,399 points the previous week.
