The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued its bullish momentum on Thursday, gaining 2,837.78 points, a positive change of 1.62 percent, to close at 178,123.57 points against 175,285.78 points recorded on the previous trading day.
PSX stays bullish, gains over 2,837 points
ISLAMABAD, Jul 16 (APP): The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued its bullish momentum on Thursday, gaining 2,837.78 points, a positive change of 1.62 percent, to close at 178,123.57 points against 175,285.78 points recorded on the previous trading day.
During the session, the ready market recorded a trading volume of 736.956 million shares with a traded value of Rs34.609 billion, compared to 583.805 million shares valuing Rs26.045 billion in the previous session. The market capitalization increased to Rs20.040 trillion from Rs19.783 trillion a day earlier.
Out of 496 active companies in the ready market, 342 advanced, 129 declined, and 25 remained unchanged.
Lotte Chemical led the volume chart with 70.092 million shares, followed by TPL Properties with 52.568 million shares and Ittefaq Iron Industries with 35.220 million shares.
The top gainers included Khyber Textile Mills Limited, which surged by Rs129.82 to close at Rs2,061.33, and Nestle Pakistan Limited, which gained Rs40.08 to settle at Rs7,657.58.
On the losing side, PIA Holding Company LimitedB declined by Rs520.50 to close at Rs17,773.50, while Unilever Pakistan Foods Limited fell by Rs374.00 to settle at Rs25,151.00.
In the futures (DFC) market, turnover stood at 153.002 million shares with a traded value of Rs7.259 billion, compared to 133.839 million shares worth Rs6.255 billion in the previous session.
Out of 302 futures-market companies, 274 advanced, 26 declined, and two remained unchanged.
