PSX turns bullish, gains 837 points

ISLAMABAD: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 837.50 points, a positive change of 0.56 percent, closing at 150,016.16 points compared to 149,178.66 points on the previous trading day, according to PSX data.

During the session, the ready market recorded a trading volume of 260.428 million shares with a traded value of Rs 17.205 billion, against 298.270 million shares valuing Rs 20.185 billion in the previous session. Market capitalization decreased to Rs 16.793 trillion from Rs 16.825 trillion a day earlier.

Out of 475 active companies in the ready market, 223 advanced, 182 declined, and 70 remained unchanged.

The Bank of Punjab topped the volume chart with 32.250 million shares, followed by K-Electric Limited with 18.076 million shares and WorldCall Telecom with 17.871 million shares.

The top gainers included Unilever Pakistan Foods Limited, which rose by Rs 234.62 to close at Rs 24,452.00, and PIA Holding Company LimitedB, which gained Rs 150.00 to settle at Rs 16,200.00.

On the losing side, The Thal Industries Corporation Limited declined by Rs 58.03 to close at Rs 636.18, while Shield Corporation Limited fell by Rs 49.85 to close at Rs 850.28.

In the futures market, turnover stood at 124.467 million shares with a traded value of Rs 5.910 billion, compared to 90.270 million shares worth Rs 7.738 billion in the previous session. Out of 328 futures-market companies, 181 recorded gains, while 137 declined and 10 remained unchanged. APP