Bulls Stage Comeback as PSX Gains 1,400 Points

The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday, gaining 1,435.34 points, a positive change of 1.26 percent, closing at 115,272.08 points as compared to 113,836.74 points on the last trading day.  A total of 549,584,585 shares were traded during the day as compared to 469,440,511 shares the previous trading day, whereas the price of shares stood at Rs. 35.931 billion against Rs. 24.981 billion on the last trading day.  As many as 461 companies transacted their shares in the stock market, 264 of them recorded gains and 128 sustained losses, whereas the share price of 69 companies remained unchanged.  The three top trading companies were WorldCall Telecom with 101,934,297 shares at Rs. 1.87 per share, Hub Power Company with 36,888,747 shares at Rs. 137.40 per share and Hascol Petrol with 32,496,536 shares at Rs. 12.90 per share.  Unilever Pakistan Foods Limited witnessed a maximum increase of Rs. 398.00 per share closing at Rs. 21,998.00 whereas runner-up was Hoechst Limited with Rs. 86.38 rise in its share price to close at Rs. 2,819.76.  JDW Sugar Mills Limited witnessed a maximum decrease of Rs. 36.15 per share price, closing at Rs. 889.21, whereas the runner-up was Mehmood Textile Mills Limited with Rs. 25.66 rise in its per share price to Rs. 653.86.