PSX turns bullish, gains 4,276 points

ISLAMABAD, Mar 18 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 4,276.09 points, a positive change of 2.85 percent, closing at 154,292.26 points compared to 150,016.16 points on the previous trading day, according to PSX data.

During the session, the ready market recorded a trading volume of 397.465 million shares with a traded value of Rs 22.352 billion, against 260.428 million shares valuing Rs 17.205 billion in the previous session. Market capitalization increased to Rs 17.254 trillion from Rs 16.793 trillion a day earlier.

Out of 483 active companies in the ready market, 339 advanced, 79 declined, and 65 remained unchanged.

The Bank of Punjab topped the volume chart with 54.733 million shares, followed by Wasl Mobility with 31.549 million shares and K-Electric Limited with 26.433 million shares.

The top gainers included Unilever Pakistan Foods Limited, which rose by Rs 255.00 to close at Rs 24,707.00, and Sazgar Engineering Works Limited, which gained Rs 63.96 to settle at Rs 1,856.41.

On the losing side, Supernet Technologies Limited declined by Rs 36.14 to close at Rs 1,263.84, while Tandlianwala Sugar Mills Limited fell by Rs 15.85 to close at Rs 215.15.

In the futures market, turnover stood at 107.911 million shares with a traded value of Rs 6.497 billion, compared to 124.467 million shares worth Rs 5.910 billion in the previous session.

Out of 316 futures-market companies, 287 recorded gains, while 24 declined and 5 remained unchanged.