The Pakistan Stock Exchange (PSX) on Monday kicked off the new business week on a positive note, with KSE-100 Index surging by over 1,500 points, reported 24NewsHD TV channel.
Investor sentiment remained upbeat, pushing the index close to the historic 147,000-point barrier at the close of business. The index went up by 1,547.05 points or 1.05 percent to 146,929.84 points.
As many as 479 companies transacted their shares in the stock market on Monday, with 242 of them recorded gains and 209 sustained losses, whereas the share prices of 28 companies remained unchanged.
Earlier on Friday, the PSX’s benchmark KSE-100 Index had turned around to bearish trend, losing 264.34 points, a negative change of -0.18 percent, closing at 145,382.80 points.
A total of 548,050,956 shares were traded during the day as compared to 712,527,450 shares the previous trading day, whereas the price of shares stood at Rs 45.488 billion against Rs 55.677 billion on the last trading day.
As many as 482 companies transacted their shares in the stock market, 151 of them recorded gains and 296 sustained losses, whereas the share price of 35 companies remained unchanged.
The three top trading companies were Pak Petroleum with 21,967,632 shares at Rs 188.23 per share, Bank of Punjab with 21,258,633 shares at Rs13.92 per share and Loads Limited with 20,561,978 shares at Rs 16.58 per share.
Ismail Industries Limited witnessed a maximum increase of Rs 70.39 per share price, closing at Rs 2,172.38, whereas the runner-up was Supernet Technologies Limited with Rs43.11 rise in its per share price to Rs 802.60.
PIA Holding Company LimitedB witnessed a maximum decrease of Rs478.14 per share closing at Rs 29,379.66 followed by Nestle Pakistan Limited with Rs87.02 decline in its share price to close at Rs8,950.56.
Reporter Kavish Memon