PSX Gains over 1,700 Points to Break 148,000 Points Milestone

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index witnessed bullish trend on Monday, gaining 1,704.79 points, a positive of 1.16 percent, closing at 148,196.42 points against 146,491.63 points last trading day. A total of 610,314,508 shares were traded during the day as compared to 473,601,407 shares the previous trading day, whereas the price of shares stood at Rs. 39.173 billion against Rs. 32.882 billion on the last trading day. As many as 487 companies transacted their shares in the stock market, 283 of them recorded gains and 175 sustained losses, whereas the share price of 29 companies remained unchanged. The three top trading companies were WorldCall Telecom with 40,719,854 shares at Rs. 1.40 per share, Pervez Ahmed Company with 29,750,970 shares at Rs. 2.82 per share and Al-Shaheer Corporation with 26,351,931 shares at Rs. 12.24 per share. Hoechst Pakistan Limited witnessed a maximum increase of Rs. 323.88 per share price, closing at Rs. 3,830.59, whereas the runner-up was PIA Holding Company Limited with Rs. 186.13 rise in its per share price to Rs 28,001.10. Nestle Pakistan Limited witnessed a maximum decrease of Rs. 259.15 per share closing at Rs.  8,394.94 followed by Unilever Pakistan Foods Limited with Rs. 100.00 decline in its share price to close at Rs. 31,900.00.