ISLAMABAD: The bullish trend continued at the Pakistan Stock Exchange (PSX) as after getting 366 points on Friday, the 100-index continued the upward momentum on Monday and gained a further 338.96 points with a positive change of 0.67 percent. At close, the index settled at 51,070.83 points against 50,731.87 points the previous day.
Meanwhile, during the trading, the index also crossed the 51 thousand benchmark after more than 6 years as the investors preferred to continue buying and remained in the green zone.
During the day, 364,070,705 shares valuing Rs.15.930 billion were transacted against 430,052,557 shares valuing Rs.14.611 billion on the last trading day.
Bullish Trend at PSX
The 100-index witnessed a continued bullish trend for the last couple of days, and during the last 10 days, the index gained more than 2000 points. On Monday 352 companies traded their shares in the stock market, 171 of them recorded gains and 150 sustained losses, whereas the share price of 31 companies remained unchanged.
Oil and Gas Dev. XD remained the volume leader among the top-three trading companies with 27,498,695 shares at Rs 102.45 per share, whereas Pak Petroleum. XD settled as number two from the top with 24,259,049 shares at Rs.85.22 per share, followed by Fauji Foods Ltd with 19,278,577 shares at Rs6.73 per share.
Rafhan Maize recorded a maximum appreciation of Rs107.50 per share price, closing at Rs 8,100.00, whereas Sanofi-Aventis settled as the runner-up with an increase of Rs52.50 in its per share price to Rs752.50.
Philip Morris Pak experienced a maximum decline of Rs.39.60 per share, closing at Rs 531.40, followed by Faisal Spinning XD with a decline of Rs26.62 to close at Rs328.38.
