PSX stays bullish, gains 901 points
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 901.48 points, a positive change of 1.46 percent, closing at 62,815.82 points against 61,914.34 points the previous trading day. A total of 377,974,404 shares valuing Rs16.011 billion were traded during the day as compared to 324,830,445 shares valuing Rs13.966 billion the last day. Some 339 companies transacted their shares in the stock market; 201 of them recorded gains and 118 sustained losses, whereas the share prices of 20 remained unchanged. The three top trading companies were Kohinoor Spinning with 36,167,000 shares at Rs4.59 per share, K-Electric Limited with 26,534,263 shares at Rs4.39 per share, and Yousuf Weawing with 16,722,000 shares at Rs4.12 per share. Mari Petroleum Limited witnessed a maximum increase of Rs52.02 per share price, closing at Rs2,266.70, whereas the runner-up was Hoechst Pakistan Limited with a Rs29.00 rise in its per share price to Rs1,350.00. Reliance Cotton Spinning Mills Limited witnessed a maximum decrease of Rs39.88 per share closing at Rs492.00, followed by Siemens Pakistan Engineering with Rs13.63 decline to close at Rs586.37.
Courtesy: The Nation
