PSX gains 4,347 points

ISLAMABAD: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Wednesday, gaining 4,347.08 points, a positive change of 2.82 percent, closing at 158,313.45 points compared to 153,966.36 points on the previous trading day, according to PSX data.

During the session, the ready market recorded a trading volume of 612.361 million shares with a traded value of Rs 34.597 billion, against 375.342 million shares valuing Rs 22.976 billion in the previous session.

Market capitalization increased to Rs 17.584 trillion from Rs 17.152 trillion a day earlier. Out of 489 active companies in the ready market, 363 advanced, 77 declined, and 49 remained unchanged.

Unity Foods Ltd. topped the volume chart with 72.631 million shares, followed by K-Electric Ltd. with 36.662 million shares and Fauji Cement with 26.066 million shares.

The top gainers included Hoechst Pakistan Limited, which rose by Rs 271.58 to close at Rs 4,251.33, and Indus Motor Company Limited, which gained Rs 41.10 to settle at Rs 1,838.04.

On the losing side, Pakistan Engineering Company Limited declined by Rs 58.92 to close at Rs 538.56, while Service Industries Limited fell by Rs 29.26 to close at Rs 1,470.74.

In the futures market, turnover stood at 399.736 million shares with a traded value of Rs 21.824 billion, compared to 230.553 million shares worth Rs 9.748 billion in the previous session. Out of 318 futures-market companies, 308 recorded gains, while 10 declined. Staff Report