Key points
- Benchmark KSE-100 index has climbed by 941.79 points
- A total of 436,087,542 shares were traded on Friday
- Asian markets mixed as investors eye trade talks
ISLAMABAD: Bulls took control of the trade floor on Monday as shares at the Pakistan Stock Exchange (PSX) climbed over 900 points in intraday trade.
According to Dawn News, the benchmark KSE-100 index climbed by 941.79 points, or 0.82 per cent, to stand at 116,411.13 from the previous close of 115,469.34 at 10:05am.
Earlier, the buying momentum returned at the PSX on Friday as the benchmark KSE-100 Index gained 470.77 points after witnessing strong selling pressure on the last trading day.
Yesterday, a total of 436,087,542 shares were traded as compared to 506,702,532 shares on the previous trading day, whereas the price of shares stood at Rs 24.021 billion against Rs 24.488 billion on the last working day.
Asian stocks
As many as 441 companies transacted their shares in the stock market, 226 of them recorded gains and 202 sustained losses, whereas the share price of 13 companies remained unchanged.
AFP reported that Asian stocks were mixed Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald Trump’s eye-watering tariffs.
Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world’s number two economy.
After a much-needed positive run-up last week markets started Monday on a tepid note, with eyes on the upcoming earnings season, key data and central bank decisions.
