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PSX stays bullish, gains 406 points to close at 43,766 points

ISLAMABAD: The KSE-100 index of the Pakistan Stock Exchange (PSX) on Thursday continued with bullish trend, gaining 406.50 points with positive change of 0.94 percent, closing at 43,766.69 points against 43,360.19 points on the last working day.
A total 497,562,965 shares were traded during the day compared to the trade of 433,020,929 shares the previous day whereas the price of shares stood at Rs22.548 billion against Rs21.383 billion previous day.
As many as 416 companies transacted shares in the stock market, 304 of them recorded gain and 93 sustained losses whereas the share price of 19 companies remained unchanged.
The three top traded companies were Pak Refinery with a volume of 45,135,000 shares and price per share of Rs21, Pak Elektron with a volume of 41,731,000 and price per share of Rs36.92 and K-Electric Ltd with a volume of 29,033,000 and price per share of Rs3.67.
Khyber Tobacco recorded maximum increase of Rs30 per share, closing at Rs430 whereas Gillete Pak was runner up with the increase of Rs29.42 per share, closing at Rs421.78. Rafgab Nauze witnessed maximum decrease of Rs100 per share, closing at Rs9000 whereas Nestle Pakistan shares decreased by Rs30 per share closing at Rs6900.

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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.