The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) reversed its bearish trend on Wednesday, gaining 641.07 points, a positive change of 0.39 percent, to close at 165,417.51 points against 164,776.44 points recorded in the previous trading session.
PSX turns around, gains over 641 points
ISLAMABAD, Oct 14 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) reversed its bearish trend on Wednesday, gaining 641.07 points, a positive change of 0.39 percent, to close at 165,417.51 points against 164,776.44 points recorded in the previous trading session.
The ready market witnessed a trading volume of 585.894 million shares, compared to 383.746 million shares traded in the previous session, while the traded value increased to Rs20.073 billion from Rs13.104 billion.
Market capitalisation advanced to Rs18.391 trillion from Rs18.325 trillion recorded a day earlier.
Out of 501 companies that traded in the ready market, 256 posted gains, 200 suffered losses, while 45 remained unchanged, reflecting a bullish trend in the market.
WorldCall Telecom led the volume chart with 87.347 million shares, followed by Pak Refinery with 42.296 million shares and Cnergyico PK with 41.183 million shares.
Among the top gainers, PIA Holding Company Limited B advanced by Rs487.50 to close at Rs14,487.50, while Unilever Pakistan Foods Limited surged by Rs417.18 to settle at Rs25,444.18.
On the losing side, Rafhan Maize Products Company Limited declined by Rs38.95 to close at Rs8,535.93, while Blessed Textiles Limited fell by Rs35.65 to Rs794.35.
In the futures (DFC) market, turnover stood at 151.683 million shares with a traded value of Rs11.208 billion, compared with 106.801 million shares worth Rs8.948 billion in the previous session.
Of the 326 companies traded in the DFC market, 162 advanced, 156 declined, and 8 remained unchanged.
