PSX stays bullish, gains 3,366 points

ISLAMABAD, Nov 5 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with a strong positive trend on Thursday, gaining 3,366.38 points, a massive positive change of 1.96 percent, to close at 175,379.87 points against 172,013.48 points recorded in the previous trading session.

The ready market witnessed a trading volume of 999.812 million shares, compared to 841.615 million shares traded in the previous session. The traded value of the ready market reached Rs46.062 billion, up from Rs35.392 billion a day earlier.

Meanwhile, total market capitalisation increased to Rs19.113 trillion from Rs18.777 trillion recorded in the previous session.

Out of 501 companies that traded in the ready market, 365 posted gains, 103 suffered losses, while 33 remained unchanged, reflecting a highly bullish trend across the overall market.

Cnergyico PK led the volume chart with 74.002 million shares, followed by B.O.Punjab with 69.726 million shares, and K-Electric Ltd. with 61.114 million shares.

Among the top gainers in the ready market, PIA Holding Company LimitedB surged by Rs220.01 to close at Rs14,000.00, while The Thal Industries Corporation Limited advanced by Rs79.45 to settle at Rs873.97.

On the losing side, Unilever Pakistan Foods Limited declined by Rs98.57 to close at Rs25,703.00, while Rafhan Maize Products Company Limited fell by Rs56.49 to Rs8,501.25.

In the futures (DFC) market, turnover stood at 242.975 million shares with a traded value of Rs12.638 billion, compared with 203.911 million shares worth Rs13.498 billion in the previous session.

Of the 312 companies traded in the DFC market, 260 advanced, 46 declined, and 6 remained unchanged.