ISLAMABAD: After having a moderate last week, the 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Monday, gaining 394.49 points with a positive change of 0.85 percent, closing at 46,627.08 points as compared to 46,232.59 points the previous day.
The Bullish Trend was attributed to the recent announcement by the caretaker government of a decrease in petroleum prices the other day. The Market picked the news positively and in the start of the working week, the index even gained 450 points in the middle of the day.
On Monday a total of 202,598,801 shares valuing Rs.7.404 billion were transacted against 177,617,061 shares valuing Rs.6.932 billion on Friday.
Bullish Trend at Pakistan Stock Exchange
On the first day of the week, 330 companies traded their shares in the stock market, 166 of them recorded gains and 144 sustained losses, whereas the share price of 20 companies closed without a change.
WorldCall Telecom remained the leader among the top-three trading companies with 44,891,724 shares at Rs.1.24 per share followed by Cnergyico Pk with 17,096,921 shares at Rs.3.13 per share and Oil and Gas Dev. with 17,023,821 shares at Rs.99.36 per share.
Ismail Industries recorded a maximum appreciation of Rs.48.75 per share price, closing at Rs.698.75, whereas Pak Hotels settled as the runner-up with an increase of Rs.19.28 in its per share price to Rs.276.32.
Meanwhile, Al-Abbas Sugar recorded a maximum decline of Rs.33.84 per share closing at Rs.510.11, followed by Abbott Lab with a decrease of Rs.9.49 per share to close at Rs.336.01.
