PSX: Encouraged by the Wall Street recovery Bulls shoo off bears from the bourse!

KARACHI: As International markets recovered, bulls shooed the bears off the bourse here on week’s third trading day. As a result Benchmark KSE-100 index closed in the green at 44,096 with an augmentation of 211 points.

Rs. 11.3b worth of 270m shares were traded today. Value of the shares of 186 companies plummeted, 169 augmented while 24 remained stagnant.

Engineering, Communication and Textile Sectors led the trade today with 36.4m, 36.0m and 26.2m shares. Today’s top five traders of shares were: TRG Pak Ltd., 26.8m shares (-0.05pc); Azgard Nine, 22.8m shares (+6.05pc); Aisha Steel Mills, 19.5m shares traded (-2.15pc); Sui Southern Gas Company Ltd., 16.1m shares (+2.92pc); Fauji Foods Ltd., 9.3m shares (+4.97pc).

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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.