ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend while gaining 228.23 points with a positive change of 0.48 percent on Monday. At closing, the index settled at 47,721.80 points as compared to 47,493.57 points the previous day.
During the trade, a total of 233,661,179 shares valuing Rs.7.076 billion were transacted against 246,382,303 shares valuing Rs. 7.184 billion on Friday.
In General, it was a mixed day where both the top-tier and third-tier companies took interest in moderate buying. The continued appreciation of the local currency also played a role in the bullish trend of the market.
Bullish Trend at PSX
Meanwhile, 332 companies traded their shares in the stock market; 150 of them witnessed gains, and 166 sustained losses, whereas the share price of 16 companies was entertained without a change.
On Monday, K-Electric Ltd was the leader among the top three trading companies with 38,535,527 shares at Rs.2.30 per share, followed by WorldCall Telecom with 25,223,744 shares at Rs.1.29 per share, and PIAC (A) settled as number three with 12,363,000 shares at Rs.5.49 per share.
Sapphire Fiber recorded a maximum appreciation of Rs.38.95 per share price, closing at Rs.1075.00, whereas Siemens Pak settled as the runner-up with an increase of Rs.35.25 in its per share price to Rs.705.25.
On the other hand, Mehmood Tex. Recorded a maximum decline of Rs.41.25 per share, closing at Rs.508.75, followed by Pak Engineering with a decrease of Rs.26.96 to settle at Rs.333.04.
