PSX gains over 2,885 points

ISLAMABAD: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 2,885.10 points, a positive change of 1.74 percent, closing at 168,519.94 points against 165,634.85 points on the last trading day, according to PSX data.

During the session, the ready market recorded a trading volume of 1,205.844 million shares with a traded value of Rs 59.416 billion, compared to 824.539 million shares valuing Rs 36.336 billion in the previous session.

The market capitalization increased to Rs 18.610 trillion from Rs 18.305 trillion a day earlier.

Out of 490 active companies in the ready market, 370 advanced, 83 declined, and 37 remained unchanged.

K-Electric Limited topped the volume chart with 124.915 million shares, followed by WorldCall Telecom with 76.856 million shares, Bank of Punjab with 76.132 million shares and Trust Brokerage with 74.509 million shares.

The top gainers included Sazgar Engineering Works Limited, which increased by Rs 135.70 to close at Rs 2,151.95, and Blessed Textiles Limited, which gained Rs 119.07 to settle at Rs 1,309.78.

On the losing side, Unilever Pakistan Foods Limited declined by Rs 256.35 to close at Rs 26,228.65, while Rafhan Maize Products Company Limited fell by Rs 61.41 to close at Rs 9,401.92.

In the futures market, turnover stood at 289.288 million shares with a traded value of Rs 14.836 billion, compared to 191.863 million shares worth Rs 9.622 billion in the previous session. Out of 320 futures-market companies, 299 recorded gains, 20 declined and 1 remained unchanged, according to PSX data. APP