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psx Business National

PSX witnesses upward trend, gains 916 points

The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed an upward trend on Monday, gaining 916.44 more points, a positive change of 0.84 percent before closing at 109,970.39 points as compared to 109,053.95 points on the last trading day.

During the intraday trade, a total of 1,597,868,204 shares were traded as compared to 1,697,842,022 shares the previous trading day.

Meanwhile, the price of shares stood at Rs 60.251 billion against Rs.57.487 billion on the last trading day.

As many as 467 companies transacted their shares in the stock market, 278 of them recorded gains and 158 sustained losses, whereas the share price of 31 companies remained unchanged.

Last week, PSX closed on a positive note, with the benchmark index climbing 1,917.62 points or 1.89 percent, closing at 103,274.94 points.

The market saw a high of 103,386.46 and a low of 101,921.20 during the session. The previous day’s close was at 101,357.32, indicating a robust recovery.

Trading activity remained strong, with a total volume of 1.56 billion shares traded, valued at Rs 47.1 billion across 454,060 transactions.

Market breadth was positive, with 338 stocks advancing, 85 declining, and 38 remaining unchanged out of a total of 461 listed entities.

Source: APP

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