PSX turns bullish, gains 1,900 points

ISLAMABAD: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 1,900.34 points, a positive change of 1.29 percent, closing at 148,743.32 points against 146,842.97 points on the last trading day, according to PSX data.

During the session, the ready market recorded a trading volume of 434.958 million shares with a traded value of Rs 22.541 billion, compared to 529.130 million shares valuing Rs 29.603 billion in the previous session. The market capitalization increased to Rs 16.534 trillion from Rs 16.327 trillion a day earlier.

Out of 479 active companies in the ready market, 281 advanced, 137 declined, and 61 remained unchanged.

K-Electric Limited topped the volume chart with 46.922 million shares, followed by Dost Steels Limited with 36.116 million shares and WorldCall Telecom with 27.971 million shares.

The top gainers included Unilever Pakistan Foods Limited, which increased by Rs 334.50 to close at Rs 24,287.00, and Nestle Pakistan Limited, which gained Rs 179.78 to settle at Rs 7,712.40.

On the losing side, Premium Textile Mills Limited declined by Rs 42.08 to close at Rs 380.18, while Shield Corporation Limited fell by Rs 28.81 to close at Rs 900.76.

In the futures market, turnover stood at 99.789 million shares with a traded value of Rs 5.277 billion, compared to 109.897 million shares worth Rs 7.123 billion in the previous session. Out of 311 futures-market companies, 260 recorded gains while 51 declined. APP