PSX rebounds, gains over 276 points

ISLAMABAD, Jun 11 (APP): The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) bounced back to bullish territory on Thursday, gaining 276.16 points, a positive change of 0.16 percent, closing at 169,703.60 points against 169,427.44 points on the last trading day.

During the session, the ready market recorded a trading volume of 771.934 million shares with a traded value of Rs 27.051 billion, compared to 791.636 million shares valuing Rs 25.484 billion in the previous session. The market capitalization increased to Rs 18.877 trillion from Rs 18.848 trillion a day earlier.

Out of 487 active companies in the ready market, 190 advanced, 250 declined and 47 remained unchanged.

First National Equities topped the volume chart with 118.361 million shares, followed by Sitara Petroleum with 53.704 million shares and Maple Leaf Cement Factory with 35.476 million shares.

The top gainers included Sapphire Fibres Limited, which increased by Rs 100.22 to close at Rs 1,102.46, and Tandlianwala Sugar Mills Limited, which gained Rs 46.64 to settle at Rs 513.04.

On the losing side, Khyber Textile Mills Limited declined by Rs 50.36 to close at Rs 1,464.21, while Blessed Textiles Limited fell by Rs 43.19 to close at Rs 1,129.29.

In the futures market, turnover stood at 96.483 million shares with a traded value of Rs 4.355 billion, compared to 132.666 million shares worth Rs 4.494 billion in the previous session.