PSX sees bullish turnaround as KSE-100 index gains 499 points
psx
ISLAMABAD: (APP) The benchmark KSE-100 index gained 499.05 points as the Pakistan Stock Exchange (PSX) witnessed bullish turnaround on Thursday.

As a result of a positive change of 0.54 percent, the index closed at 92,520.49 points as compared to 92,021.44 points on the last trading day, according to data available at PSX website.

The PSX report revealed that as many as 678,788,064 shares were traded during the day as compared to 889,166,479 shares the previous trading day, whereas the price of shares stood at Rs 24.827 billion against Rs. 30.474 billion on the last trading day.

It said a total of 449 companies transacted their shares in the stock market, 257 of them recorded gains and 145 sustained losses, whereas the share price of 47 companies remained unchanged. The three top trading companies were Bank of Punjab with 62,920,538 shares at Rs 6.57 per share, Kohinoor Spinning with 46,527,930 shares at Rs 7.83 per share and K-Electric Limited with 34,718,470 shares at Rs.4.80 per share, it reported.

Unilever Pakistan Foods Limited witnessed a maximum increase of Rs.86.32 per share price, closing at Rs 8,986.99, whereas the runner-up was Hoechst Pakistan Limited with Rs 48.07 rise in its per share price to Rs 2,401.07, the PSX data further reported.

The stock noted that Rafhan Maize Products Company Limited witnessed a maximum decrease of Rs 101.45 per share closing at Rs 7,305.21 followed by Bhanero Textile Mills Limited with Rs 50.09 decline to close at Rs 782.05.

Meanwhile, the price of 24 karat per tola gold decreased by Rs.5,400 and was sold at Rs.276,800 on Thursday compared to its sale at Rs.282,200 on last trading day.

The price of 10 grams of 24 karat gold also decreased by Rs.4,630 to Rs.237,311 from Rs. 241,941 whereas the price of 10 gram 22 karat gold went down to Rs. 217,535 from Rs. 221,780, the All Sindh Sarafa Jewellers Association reported.

The price of per tola decreased by Rs.130 to Rs.3,300 whereas that of ten gram silver went down by Rs.111.46 to Rs.2,829.21.