PSX sustains bullish momentum amid soaring volumes

Staff Reporter

Karachi

The Pakistan Stock Exchange (PSX) extended its bullish momentum into the new week, with the benchmark KSE-100 index gaining 770 points to close at 43,557 points. The index opened higher and continued on an upward trend throughout the session as positive news of the rupee gaining ground against US dollar came in.
“On the news front, the Pakistani rupee strengthened by 4.3 per cent to 122.24/123.86 per dollar after local media reported China had agreed to provide $2 billion in loans,” JS research stated.
Volumes were led by: Worldcall Telecom Ltd: 35.1m shares traded [+7.65pc]; Pakistan Intl. Bulk Terminal Ltd: 19.6m shares traded [+8.11pc]; Pak International Airline Corp Ltd: 19.0m shares traded [+1.14pc]; Siddiqsons Tin Plate Ltd: 18.6m shares traded [-2.44pc], and Bank Of Punjab: 15.3m shares traded [-0.83pc].

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