Stocks inch-up in range-bound session

KARACHI: The Pakistan Stock Exchange (PSX) today (Monday) managed to tilt its balance towards a bullish trend as the KSE-100 index closed at 42,531.31 points, with a nominal positive change of 0.64 points.

Gaining 190.31 points the benchmark KSE 100-index touched an intraday high of 42,720.98 in the initial hours of trading. The index lost control and dropped to an intraday low of 42,367.81.

The index settled with 0.64 points at 42,531.31 points. A total of 509,522,330 shares were traded, whereas the value of shares traded during the day stood at Rs14.543 billion.

As many as 428 companies transacted shares in the Stock Market, out of which 184 recorded gain and 231 sustained losses whereas the share price of 13 companies remained unchanged.

The three top traded companies were Hascol petrol with a volume of 67,076,500 shares, Pak Int. Bulk with a volume of 42,942,500 and Fauji Foods Ltd with a volume of 29,875,500.

Nestle Pakistan recorded a maximum increase of Rs 136.99 per share, closing at Rs6787 whereas Hinopak Motor was runner up with the increase of Rs46.70 per share, closing at Rs669.47.

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