Business

PSX stays bullish, gains more 465 points

ISLAMABAD: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Tuesday, gaining 465.64 points, a positive change of 0.31 percent, closing at 151,673.46 points against 151,207.82 points on the last trading day, according to PSX data.

During the session, the ready market recorded a trading volume of 357.269 million shares with a traded value of Rs 20.436 billion, compared to 457.211 million shares valuing Rs 30.876 billion in the previous session.

The market capitalization increased to Rs 16.855 trillion from Rs 16.822 trillion a day earlier.

Out of 477 active companies in the ready market, 223 advanced, 188 declined, and 66 remained unchanged.

K-Electric Limited topped the volume chart with 53.600 million shares, followed by Trust Brokerage with 26.371 million shares and Cnergyico PK with 16.666 million shares.

The top gainers included Rafhan Maize Products Company Limited, which increased by Rs 111.58 to close at Rs 9,041.83, and Khairpur Sugar Mills Limited, which gained Rs 32.66 to settle at Rs 359.28.

On the losing side, Unilever Pakistan Foods Limited declined by Rs 154.59 to close at Rs 24,801.03, while Khyber Textile Mills Limited fell by Rs 127.11 to close at Rs 1,217.89.

In the futures market, turnover stood at 81.970 million shares with a traded value of Rs 5.167 billion, compared to 116.747 million shares worth Rs 8.190 billion in the previous session.

Out of 312 futures-market companies, 155 recorded gains while 143 declined and 14 remained unchanged. APP

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