The 100-index of Pakistan Stock Exchange (PSX) continued with a bullish trend on Monday and gained 237.88 points, a positive change of 0.48 per cent, closing at 49,731.35 points against 49,493.47 points the previous day.
A total of 467,383,787 shares valuing Rs 14.119 billion were traded during the day as compared to 556,389,862 shares valuing Rs 15.450 billion the previous day.
As many as 359 companies transacted their shares in the stock market; 218 of them recorded gains and 129 sustained losses, whereas the share price of 12 companies remained unchanged.
The three top-trading companies were K-Electric Ltd with 98,168,338 shares at Rs 3.15 per share, PTCL with 22,603,000 shares at Rs 6.95 per share and Pak Int. Bulk with 22,073,500 shares at Rs 4.59 per share. Nestle Pakistan witnessed a maximum increase of Rs 102.00 per share price, closing at Rs 7,300.00, whereas the runner-up was Philip Morris Pak with a Rs 40.50 rise in its per share price to Rs 580.50.
Rafhan Maize witnessed a maximum decrease of Rs 178.11 per share closing at Rs 8,200.00, followed by Pak Hotels with a Rs 38.30 decline to close at Rs 484.71.
Meanwhile Pakistani Rupee on Monday witnessed the 28th consecutive recovery session as it gained 79 paisa against the US Dollar in the interbank trading and closed at Rs 276.83 against the previous day’s closing of Rs 277.62. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market stood at Rs 276 and Rs 278 respectively.
