Staff Report
ISLAMABAD: After some dismal performance over a week ago due to unstable political satiation in the country, Karachi Stock Exchange has made a turnaround for the last couple of days. Like the last couple of trading days, the 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Monday again while gaining 485.96 more points, taking the total trade to 40,155.16 points as compared to 39,669.20 points on the previous trading day. The index also experienced a positive change of 1.23 percent in trading.
PSX Momentum
A total of 146,880,187 shares were traded on Monday against 132,633,704 shares on Friday, whereas the price of shares was recorded at Rs 5.134 billion as compared to Rs 4.590 billion on the last trading day.
In total 329 companies transacted their shares in the stock market, where 207 of them recorded gains and 108 sustained losses, while the share price of 14 companies remained unchanged.
The three top-trading companies were Pak Petroleum, Oil and Gas Dev., and WorldCall Telecom with 11,055,491 shares at Rs 61.78 per share, 7,699,788 shares at Rs 76.87 per share, and 6,790,855 shares at Rs 1.23 per share respectively.
Nestle Pakistan experienced a maximum increase of Rs 364.87 per share price, closing at Rs5229.87, while Pak Services remained the runner-up with a Rs 99.00 rise in its per share price to Rs1599.00.
Another company Bhanero Textile recorded a maximum decrease of Rs 72.93 per share, closing at Rs 1051.01, while the runner-up Pak Tobacco witnessed a decline of Rs 57.00 to close at Rs 915.00.
