HomeBusinessPSX stays bullish, gains 2,184 more points

PSX stays bullish, gains 2,184 more points

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ISLAMABAD, Nov 27 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) on Thursday continued its bullish momentum, surging by 2,184.78 points, a positive change of 1.34 percent, closing at 165,373.31 points compared to 163,188.53 points on the previous trading day.
A total of 498.36 million shares were traded in the ready market with a value of Rs30.59 billion, compared to 636.40 million shares worth Rs30.91 billion in the previous session. Market capitalization increased to Rs18.744 trillion from Rs18.512 trillion.
Out of 484 active companies, 289 closed higher, 152 declined, while 43 remained unchanged.
The leading companies in terms of ready-market turnover were Dost Steels Ltd. with 48.39 million shares, followed by WorldCall Telecom with 36.70 million shares, and Beco Steel Ltd. with 25.10 million shares.
The top gainers were PIA Holding Company Limited-B, which increased by Rs1,289.13 to close at Rs24,495.50, and Pakistan Services Limited, rising by Rs52.41 to close at Rs1,333.93.
Conversely, the major losers were Unilever Pakistan Foods Limited, which declined by Rs190.00 to close at Rs29,400.00, and Rafhan Maize Products Company Limited, decreasing by Rs29.99 to close at Rs9,370.00.
In the futures market, turnover stood at 595.96 million shares with a traded value of Rs27.19 billion, compared to 491.19 million shares valued at Rs31.01 billion on the previous day. Out of 318 futures-market companies, 256 recorded gains, 59 declined, while 3 remained unchanged.
The top volume contracts in the futures segment were KEL-Dec with 44.79 million shares, followed by KEL-Nov with 43.64 million shares, and Cnergy-Dec with 27.23 million shares.
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