PSX Settles Just Below 150,000 Mark as Rally Continues

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued with bullish trend on Tuesday, gaining 1,574 points, a positive change of 1.06 percent, closing at 149,771 points against 148,196 points last trading day. A total of 809,082,439 shares were traded during the day as compared to 610,314,508 shares the previous trading day, whereas the price of shares stood at Rs. 48.430 billion against Rs. 39.173 billion on the last trading day. As many as 483 companies transacted their shares in the stock market, 265 of them recorded gains and 194 sustained losses, whereas the share price of 24 companies remained unchanged. The three top trading companies were WorldCall Telecom with 52,322,337 shares at Rs. 1.45 per share, Bank of Punjab with 46,060,189 shares at Rs. 14.76 per share and Fauji Cement with 43,732,087 shares at Rs. 53.48 per share. Bhanero Textile Mills Limited witnessed a maximum increase of Rs. 92.78 per share price, closing at Rs. 1,020.56, whereas the runner-up was The Thal Industries Corporation Limited with Rs. 53.85 rise in its per share price to Rs. 623.85. PIA Holding Company Limited witnessed a maximum decrease of Rs. 303.10 per share closing at Rs. 27,698.00 followed by Unilever Pakistan Foods Limited with Rs. 121.75 decline in its share price to close at Rs. 31,778.25.