Daily PSX Report: Bullish Trend Continues at Start of New Week

After a bearish trend throughout last week, Pakistan Stock Exchange KSE benchmark 100-share index is going slightly upward since the last week’s closing.

The Pakistan Stock Exchange started the week on a positive note, with the benchmark KSE-100 index gaining 234.81 points, or 0.52 per cent, by the close of the trading session to reach 54,529.20. The market carried the momentum from last session to open in positive note.

The index continued the trend from before: dull in the morning with low volumes to trade. The index tested the day’s high at 45566.70 points. The day’s low of 45271.03 came towards market close. Overall 105 million shares were traded. In KSE 100 index only 53.07 million shares were traded with a total worth of nearly Rs 4.10 billion.

A total of 350 companies changed hands with 219 advancing, 116 declining and 20 unchanged. The companies that contributed the most in bringing the index up included NESTLE, MCB, DAWH, ENGRO and TRG.

TECHNOLOGY & COMMUNICATION was the top traded sector with total traded volume of 26,824,500 shares. It was followed by TEXTILE COMPOSITE with a total traded volume of 10,343,580 shares and COMMERCIAL BANKS sector with a total traded volume of 9,365,400.

TRG Pak Ltd was the volume leader with 22.72 million shares, gaining Rs 1.28 to close at Rs 39.91. It was followed by Azgard Nine with 7.29 million shares, gaining Rs 1.00 to close at Rs 12.97, Bank of Punjab with 5.90 million shares, gaining Rs 0.35 to close at Rs 11.54 and Engro Polymer with 5.39 million shares, gaining Rs 0.75 to close at Rs 36.45.

Top advancers of the market were:

Top decliners of the market were: