PSX stays bullish, gains 3,995 points

ISLAMABAD, Nov 4 (APP): The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with a strong positive trend on Wednesday, gaining 3,994.62 points, a massive positive change of 2.38 percent, to close at 172,013.48 points against 168,018.87 points recorded in the previous trading session.
The ready market witnessed a trading volume of 841.615 million shares, compared to 517.345 million shares traded in the previous session. The traded value of the ready market reached Rs35.392 billion, up from Rs20.704 billion a day earlier.
Meanwhile, total market capitalisation increased to Rs18.777 trillion from Rs18.396 trillion recorded in the previous session.
Out of 499 companies that traded in the ready market, 368 posted gains, 103 suffered losses, while 28 remained unchanged, reflecting a highly bullish trend across the overall market.
TPL Properties led the volume chart with 67.851 million shares, followed by B.O.Punjab with 58.197 million shares, and K-Electric Ltd. with 57.364 million shares.
Among the top gainers in the ready market, Rafhan Maize Products Company Limited surged by Rs107.73 to close at Rs8,557.74, while Premium Textile Mills Limited advanced by Rs41.08 to settle at Rs640.30.
On the losing side, Unilever Pakistan Foods Limited declined by Rs86.43 to close at Rs25,801.57, while Pakistan Services Limited fell by Rs34.17 to Rs1,157.91.
In the futures (DFC) market, turnover stood at 203.911 million shares with a traded value of Rs13.498 billion, compared with 122.990 million shares worth Rs6.144 billion in the previous session.
Of the 312 companies traded in the DFC market, 287 advanced, 22 declined, and 3 remained unchanged.