PSX extends rally, gains over 470 points

The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) extended its bullish momentum on Thursday, gaining 470.86 points, a positive change of 0.26 percent, closing at 184,520.96 points against 184,050.10 points on the last trading day.

ISLAMABAD, Jul 2 (APP): The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) extended its bullish momentum on Thursday, gaining 470.86 points, a positive change of 0.26 percent, closing at 184,520.96 points against 184,050.10 points on the last trading day.
During the session, the ready market recorded a trading volume of 994.752 million shares with a traded value of Rs55.793 billion, compared to 941.479 million shares valuing Rs57.093 billion in the previous session. The market capitalization increased to Rs20.630 trillion from Rs20.540 trillion a day earlier.
Out of 494 active companies in the ready market, 256 advanced, 217 declined, and 21 remained unchanged.
TPL Properties topped the volume chart with 84.688 million shares, followed by The Bank of Punjab with 59.305 million shares and Cnergyico PK with 40.052 million shares.
The top gainers included PIA Holding Company LimitedB, which increased by Rs144.50 to close at Rs18,294.00, and The Thal Industries Corporation Limited, which gained Rs96.10 to settle at Rs1,057.07.
On the losing side, Service Industries Limited declined by Rs56.67 to close at Rs2,287.48, while Unilever Pakistan Foods Limited fell by Rs48.50 to close at Rs25,650.50.
In the futures (DFC) market, turnover stood at 197.021 million shares with a traded value of Rs9.641 billion, compared to 158.253 million shares worth Rs8.915 billion in the previous session.
Out of 303 futures-market companies, 185 recorded gains, 117 declined, and one remained unchanged.
What to read next...