Buying Continues as PSX Gains Almost 400 Points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Tuesday, gaining 385.47 points, a positive change of 0.33 percent, closing at 116,775.50 points as compared to 116,390.04 points on the last trading day. A total of 479,465,114 shares were traded during the day as compared to 484,547,019 shares the previous trading day, whereas the price of shares stood at Rs. 30.449 billion against Rs. 27.430 billion on the last trading day. As many as 447 companies transacted their shares in the stock market, 219 of them recorded gains and 174 sustained losses, whereas the share price of 54 companies remained unchanged. Brokerage house Topline Securities said the positive momentum was supported by stability in global markets and the onset of the corporate results season, prompting investors to take fresh positions.