ISLAMABAD: Despite roaring above 48 thousand benchmarks, the 100-index of the Pakistan Stock Exchange (PSX) still witnessed a bullish trend on Tuesday while gaining 195.91 more points with a positive change of 0.41 percent. At the closing of the day, the index settled at 48,230.51 points against 48,034.60 points on Monday.
The market remained in a bullish trend for a couple of days, and experts were of the view that it might go down in the context of the correction process, but still, the market went high.
During the trade, 556,930,694 shares were transacted against 491,874,957 shares on Monday, whereas the price of shares stood at Rs 15.946 billion compared to Rs 17.884 billion on the previous day.
Bullish Trend at PSX
On Tuesday, 357 companies traded their shares in the market, 223 of them witnessed gains, and 107 sustained losses, whereas the share price of 27 companies remained unchanged.
Telecard Limited remained the leader among the three top-trading companies with 39,642,890 shares at Rs 8.72 per share while Cnergyico PK settled as the runner-up with 37,858,029 shares at Rs.3.51 per share followed by WorldCall Telecom with 33,223,087 shares at Rs 1.35 per share.
Rafhan Maize recorded a maximum appreciation of Rs 147.97.00 per share price, closing at Rs8,797.97 whereas Nestle Pakistan settled as the runner-up with an increase of Rs 50.00 in its per share price to Rs 7,000.00.
Meanwhile, Colgate Palm recorded a maximum decline of Rs 79.34 per share closing at Rs 1,461.62, followed by Khyber Textile with Rs 67.57 decline to close at Rs 833.43.
