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PSX witnesses bullish trend, gains 877 points

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ISLAMABAD, Dec 15 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) on Monday witnessed bullish momentum, gaining 876.82 points, a positive change of 0.52 percent, to close at 170,741.35 points compared to 169,864.53 points on the previous trading day, according to PSX data.
During the session, the ready market witnessed a trading volume of 905.685 million shares with a traded value of Rs47.718 billion, against 873.031 million shares valuing Rs40.870 billion in the previous session. Market capitalization increased to Rs19.405 trillion from Rs19.321 trillion a day earlier.
Out of 486 active companies in the ready market, 239 advanced, 202 declined, while 45 remained unchanged.
Pak International Bulk Terminal topped the volume chart with 123.267 million shares, followed by Hum Network with 39.670 million shares and Fast Cables Limited with 36.328 million shares.
The top gainers included Unilever Pakistan Foods Limited, which rose by Rs136.83 to close at Rs29,000.00, and Hoechst Pakistan Limited, increasing by Rs97.38 to settle at Rs4,808.99. On the losing side, PIA Holding Company Limited-B declined by Rs100.00 to close at Rs24,096.00, while Khyber Textile Mills Limited fell by Rs77.15 to close at Rs1,895.36.
In the futures market, turnover stood at 202.260 million shares with a traded value of Rs13.889 billion, compared to 177.125 million shares worth Rs9.628 billion in the previous session.
Out of 316 futures-market companies, 181 recorded gains, 130 declined, while five remained unchanged. Among futures contracts, PIBTL-Dec led with 32.424 million shares, followed by PIAHCLA-Dec with 14.977 million shares and MLCF-Dec with 13.512 million shares.
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