Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on the first trading day of the week on Monday as the benchmark KSE-100 Index gained 2436.69 points, with a positive change of 1.49%, closing at 166,242.90 points against 163,806.21 points in the previous session.
At the onset, a volatile trend emerged in the stock market, however, later in the midday bulls took control and the bullish trend remained till the end.
A total of 702,451,206 shares were traded during the day compared to 1,978,654,033 shares on the previous day, while the total value of shares traded stood at Rs 36. 327 billion against Rs 36.992 billion on the last trading day.
As many as 485 companies transacted their shares in the stock market, of which 289 recorded gains and 156 sustained losses, while the share prices of 40 companies remained unchanged.
Buying interest was observed in key sectors including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including HUBCO, MARI, OGDC, PPL, PSO, SSGC, SNGPL, HBL, NBP and UBL, traded in the green.
