ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend at the start of the week while gaining 377.82 points with a positive change of 0.85 percent, closing at 44,585.13 points compared to 44,207.31 on Friday.
During the last couple of days, PSX managed to remain in the green zone and settled above the recently attained benchmark of 44000. On Monday, a total of 440,221,059 shares were transacted as compared to 247,993,312 shares on the last trading day, while the price of shares settled at Rs.12.086 billion compared to Rs.8.512 billion on Friday.
Bullish Trend at PSX
After the recent development with the IMF (since 30th June), the stock market mostly remained in the green zone with a bullish trend. On Monday, 342 companies traded their shares in the stock market; 238 of them witnessed gains, and 82 sustained losses, whereas the share price of 22 companies settled without a change.
WorldCall Telecom remained as the leading runner among the top three trading entities with 28,194,334 shares at Rs.1.26 per share, while JS Bank (R ) with 27,939,500 shares at Rs.0.22 per share, followed by Unity Foods Ltd with 20,659,220 shares at Rs.20.18 per share.
Nestle Pakistan also remained in the green zone and recorded a maximum increase of Rs.220.00 per share price, closing at Rs.6,675.00, whereas Rafhan Maize settled as the runner-up with an increase of Rs.65.00 in its per share price to Rs.8,355.00.
Shield Corporation sustained a maximum decline of Rs.24.37 per share, closing at Rs.300.53, followed by Siemens Pakistan with a decline of Rs.22.80 per share to close at Rs.716.00.