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Bulls Make Comeback as PSX Gains Over 1,000 Points 

Bulls Make Comeback as PSX Gains Over 1,000 Points 

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 1,055.03 points, a positive change of 0.96 percent, closing at 111,377.97 points as compared to 110,322.94 points on the last trading day.  In a note, Brokerage House Topline Securities said the surge was fueled by better-than-expected corporate earnings, which bolstered investor sentiment and renewed buying interest across key sectors.  Adding to the optimism, the Zarea IPO book-building process received a positive response, further lifting market sentiment and attracting fresh capital inflows, Topline said.  A total of 415,160,931 shares were traded during the day as compared to 299,678,289 shares the previous trading day, whereas the price of shares stood at Rs. 23.947 billion against Rs. 15.624 billion on the last trading day.  As many as 429 companies transacted their shares in the stock market, 198 of them recorded gains and 172 sustained losses, whereas the share price of 59 companies remained unchanged.  The three top trading companies were Bank of Punjab with 55,937,922 shares at Rs. 10.28 per share, WorldCall Telecom with 34,117,748 shares at Rs. 1.53 per share and Cnergyico PK with 31,378,841 shares at Rs. 7.53 per share.  Unilever Pakistan Foods Limited witnessed a maximum increase of Rs. 787.49 per share closing at Rs. 23,232.28 whereas runner-up was Ghandhara Industries Limited with Rs. 57.88 rise in its share price to close at Rs. 636.70.  Bata Pakistan Limited witnessed a maximum decrease of Rs. 44.24 per share price, closing at Rs. 1,919.00, whereas the runner-up was Faisal Spinning Mills Limited with Rs. 36.15 decline in its per share price to Rs. 325.96. 

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