PSX: Bulls roam all over the bourse on the week’s 1st trading day!

KARACHI: While senators elected chairman from Balochistan, lessening political noise emboldened bulls roam all over the bourse as a result benchmark KSE-100 closed in the green today (43,411) with an augmentation of 400 points.

Rs. 4.5b worth of 109.7m shares were traded today. The benchmark opened higher and showed bullish activity throughout the session, with Friday’s close of 43,011 points remaining the day’s low. The market reached a day’s high of 43,479 points near the close of trading.

Value of the shares of 189 companies augmented, 139 plummeted, while 23 remained stagnant. Chemical, Communication, Vanaspati & allied industries Sectors led the trading today with 24.17m, 12.43m and 9.60m shares respectively.

Today’s top five traders were: Lotte Chemical, 12.75m shares (+3.44pc); Unity Foods Ltd., 9.58m shares (-1.79pc); Nimir Resins, 7.59m shares (+12.48pc); WorldCall Telecom, 6.47m shares (+1.67pc); Byco Petroleum, 6.44m shares (-0.20pc).

Tags: ,

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.