PSX witnesses bullish trend as benchmark index gains 621 points

KARACHI: The Pakistan Stock Exchange (PSX) today (Monday) witnessed a bullish trend, with the benchmark index gaining 621.64 points, with positive change of 1.38 percent and closed at 45,796.31 points

The KSE-100 index went as high as 45,807.49 points during intra-day trading, while recorded as low as 45,174.67 points. The benchmark ended the day 621.64 points (1.38 percent) up at 45,796.31 points against the previous closing of 45,174.67 points.

Trading volume improved to 437.44 million shares as compared to 245.6 million traded in the previous session. The daily traded value inclined to Rs20.3 billion from Rs9.4 billion in the previous session.

As many as 405 companies transacted shares in the stock market, 278 of them recorded gain and 105 sustained losses whereas the share price of 22 companies remained unchanged.

The three top traded companies were WoldCall Telecom with a volume of 72,917,500 shares and price per share of Rs1.53, K-Electric Ltd with a volume of 38,306,000 and price per share of Rs3.69 and Ghani Glo Hol with volume of 35,965,000 and price per share of Rs38.77.

Wyeth Pak Ltd witnessed maximum increase of Rs83.34 per share, closing at Rs1194.59 followed by Philip Morris Pak, share prices of which increased by Rs55.82, closing at Rs890.19.