PSX nears 48,000-mark amid bullish momentum


The Pakistan Stock Exchange (PSX) continued with bullish trend on Monday amid strong economic indicators and unchanged policy rate with the benchmark KSE-100 Index gaining 770.05 points (+1.63 percent) to close the session at 47,896.34 points.

The KSE-100 Index remained positive throughout the session, touching an intra-day high of 47,979.6 points. Among other indices, the KSE All Share Index gained 534.94 points (+1.69 percent) to close at 32,238.69 points, while All Share Islamic Index gained 421.1 points (+1.84 percent) to close at 23,345.46 points.

A total of 397 companies traded shares in the stock exchange, out of them shares of 316 closed up, shares of 67 closed down while shares of 14 companies remained unchanged. The overall market volumes increased by 452.37 million to 1412.26 million shares.

The number of total trades increased by 77,450 to 260,543, and value traded increased by Rs9.30 billion to Rs32.05 billion. The market capitalisation increased by Rs136.39 billion. Among scrips, WTL led the table with 480 million shares, followed by BYCO (94.2 million) and SILK (71.5 million).

Stocks that contributed significantly to the volumes include WTL , BYCO, SILK, HUMNL and GGL, which formed 53 percent of total volumes.—TLTP