PSX Stable Despite Middle East Tensions

The 100-Index of the Pakistan Stock Exchange (PSX) gained 82 points on Monday, a positive change of 0.07 percent, closing at 122,225 points as compared to 122,143 points on the last trading day. A total of 1,224,178,443 shares were traded during the day as compared to 968,346,528 shares the previous trading day, whereas the price of shares stood at Rs. 25.750 billion against Rs. 29.558 billion on the last trading day. As many as 471 companies transacted their shares in the stock market, 282 of them recorded gains and 159 sustained losses, whereas the share price of 30 companies remained unchanged. In a note, brokerage firm Topline Securities said that the market experienced a pullback session, following a recovery in global markets. The benchmark index traded within range, hitting an intraday high of 759 points and a low of 253 points, before settling at 122,225 points. Positive contributions came from BAHL, OGDC, NBP, MARI, and MEBL, collectively adding 371 points to the index. On the other hand, selling in ENGROH, PKGP, and LUCK weighed on performance, subtracting a combined 255 points, it added.