The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index witnessed bullish trend on Monday, gaining 2,202.77 points, a positive change of 1.64 percent, closing at 136,502.54 points against 134,299.77 points last trading day.
A total of 841,456,115 shares were traded during the day as compared to 765,079,448 shares the previous trading day, whereas the price of shares stood at Rs. 37.051 billion against Rs. 40.165 billion on the last trading day.
As many as 475 companies transacted their shares in the stock market, 264 of them recorded gains and 195 sustained losses, whereas the share price of 16 companies remained unchanged.
Brokerage house Topline Securities said the rally was fueled by strong participation from local mutual funds and institutional investors.
The three top trading companies were Cres. Star Industries with 47,209,653 shares at Rs. 4.34 per share, K-Electric Limited with 42,841,396 shares at Rs. 5.33 per share and First Dawood Prop with 35,579,177 shares at Rs. 5.55 per share.
PIA Holding Company Limited witnessed a maximum increase of Rs. 2,615.29 per share price, closing at Rs. 28,768.23, whereas the runner-up was SS Oil Mills Limited with Rs. 91.82 rise in its per share price to Rs. 1,010.06.
Ismail Industries Limited witnessed a maximum decrease of Rs. 109.68 per share closing at Rs. 2,019.99 followed by Unilever Pakistan Foods Limited with Rs. 80 decline in its share price to close at Rs. 23,335.50.
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What’s the point ?
Taxes are high
Unemployment is high
People can’t get jobs
Chicken costs 1000rs full
Buying online costs more
Inflation is low as prices have already impacted
Electricity prices are high
Security issues
More people are losing jobs now more than ever
What’s the point of stock rising ?