MM News

KARACHI: The Pakistan Stock Exchange (PSX) on Monday continued its bullish run gaining 377.81 points as the KSE-100 index closes near 44,600 mark.

The number of shares traded and their value both increased significantly from the previous session.

Automobile manufacturers, cement, chemicals, commercial banks, and OMCs were among the index-heavy sectors that saw widespread buying; however, insurance and oil and gas exploration firms suffered losses. The index saw an improvement throughout the trading session.

At close, the benchmark index settled at 44,585.13, an increase of 377.82 points or 0.85%.

A total of 440,221,059 shares were traded during the day as compared to 247,993,312 shares the previous day, whereas the price of shares stood at Rs.12.086 billion against Rs.8.512 billion on the last trading day.

As many as 342 companies transacted their shares in the stock market; 238 of them recorded gains and 82 sustained losses, whereas the share price of 22 companies remained unchanged.

The three top-trading companies were WorldCall Telecom with 28,194,334 shares at Rs.1.26 per share; JS Bank (R ) with |27,939,500 shares at Rs.0.22 per share and Unity Foods Ltd with 20,659,220 shares at Rs.20.18 per share.

Nestle Pakistan witnessed a maximum increase of Rs.220.00 per share price, closing at Rs.6,675.00, whereas the runner-up was Rafhan Maize with an Rs.65.00 rise in its per share price to Rs.8,355.00.

Shield Corporation witnessed a maximum decrease of Rs.24.37 per share closing at Rs.300.53; followed by Siemens Pakistan with Rs.22.80 decline to close at Rs.716.00.