PSX stays bullish, gains 1,455 points

ISLAMABAD, Nov 3 (APP): The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with positive trend on Tuesday, gaining 1,454.80 points, a positive change of 0.87 percent, to close at 168,018.87 points against 166,564.07 points recorded in the previous trading session.

The ready market witnessed a trading volume of 517.345 million shares, compared to 443.432 million shares traded in the previous session. The traded value of the ready market reached Rs20.704 billion, up from Rs17.731 billion a day earlier.

Meanwhile, total market capitalisation increased to Rs18.396 trillion from Rs18.293 trillion recorded in the previous session.

Out of 500 companies that traded in the ready market, 270 posted gains, 189 suffered losses, while 41 remained unchanged, reflecting a bullish trend across the overall market.

Cnergyico PK led the volume chart with 114.827 million shares, followed by Pervez Ahmed Co with 64.936 million shares, and Pak Refinery with 29.593 million shares.

Among the top gainers in the ready market, Unilever Pakistan Foods Limited surged by Rs201.02 to close at Rs26,200.00, while Pakistan Services Limited advanced by Rs108.37 to settle at Rs1,192.08.

On the losing side, Bhanero Textile Mills Limited declined by Rs38.69 to close at Rs859.46, while Siemens (Pakistan) Engineering fell by Rs35.57 to Rs1,551.69.

In the futures (DFC) market, turnover stood at 122.990 million shares with a traded value of Rs6.144 billion, compared with 119.359 million shares worth Rs4.970 billion in the previous session.

Of the 316 companies traded in the DFC market, 188 advanced, 122 declined, and 6 remained unchanged.