PSX stays bullish to close at 39749 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Monday continued to witness bullish trend as KSE 100 index gained 210.72 points (0.53 percent) to close at 39749 points. On Monday, the market opened with 39539 points, bounced by 159 points during the first hour of the business and later 186 points, taking the total index to 39725 points.

However, during some day hours, the markets moved down and index decreased by 24 points but this proved to be a temporary trend as the market once again gained the momentum, observing positive change of 74 points.

Overall, during the first session the markets observed mixed trend and index kept on fluctuating up and down.

During the second session, the market kept moving on positive drift and at one point touched 39841 points with positive change of above 302 points.

The positive drift continued till the end and index closed with the increase of 210 points.

In overall 50,527 trades, a total of 168,446,060 shares were traded, whereas the value of shares traded during the day stood at Rs 5.826 billion.

Out of 348 companies, share prices of 206 companies recorded increase while 117 companies registered decrease whereas 25 companies remained stable in today’s trading.

The three top traded companies were Bank of Punjab Ltd with a volume of 90,959,500 and price per share of 13.79, TRG Pakistan with a volume of 4,092,000 and price per share of 24.76 and Pak Electron with a volume of 3,866,000 and price per share of 24.56.

The top advancer was Sanofi-Aventis. with the increase of Rs 39.90 per share, closing at 837.90 while the Wyeth Pakistan was runner up with the increase of Rs 37.17, closing at 1083.25.

The top decliners were Mari Petroleum with the decrease of Rs 13.83 per share, closing at 1319.67 and Gatron Industries Limited with the decrease of Rs 13.69 per share closing at 304.56.