KARACHI: After remaining under pressure last week, the Pakistan Stock Exchange (PSX) continued the upward trend for the second consecutive day where the index gained 331 points with a positive change of 0.69 percent and closed at 42,006.24 compared to 41,718.42 points on Monday.
On Tuesday, a total of 101,393,475 shares were entertained, whereas the total volume of shares stood at Rs 4.79 billion.
In total, 317 companies traded their shares in the market; 176 of them recorded a bullish trend, while 115 witnessed losses, whereas the share price of 26 was closed without change.
Meanwhile, the three top-trading companies included P.T.C.L. (PTC) with 15,602,500 shares at Rs 6.78per share, followed by WorldCall Telecom Limited (WTL) with 14,050,017 shares at Rs 1.15 per share while Hum Network Limited (HUMNL) settled at number three with 12,681,500 shares at Rs 5.7 per share.
Bullish Trend at PSX
During the last week, the market remained under pressure due to the arrest of Imran Khan, the follow-up protest, and the overall tense situation in the market.
However, the current week began with positive sentiments where the investors opted for buying. Recently, some companies (cement, banking sector) even bought back their own shares to boost the investors’ confidence.
Financial experts believe the market will still prevail with fluctuation till some concrete news arrives from the IMF.
