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Business

PSX gains over 663 points

PSX remains bearish, loses over 352 points
ISLAMABAD, Oct 26 (APP):The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a bullish momentum on Monday, gaining 663.59 points, a positive change of 0.41 percent, to close at 163,038.47 points against 162,374.88 points recorded in the previous trading session.
The ready market witnessed a trading volume of 376.019 million shares, compared to 398.942 million shares traded in the previous session, while the traded value decreased to Rs16.192 billion from Rs18.203 billion.
Market capitalisation increased to Rs18.061 trillion from Rs18.014 trillion recorded a day earlier.
Out of 495 companies that traded in the ready market, 196 posted gains, 251 suffered losses, while 48 remained unchanged.
LSE Financial(R) led the volume chart with 25.465 million shares, followed by Pervez Ahmed Co with 20.496 million shares and Pak Refinery with 18.839 million shares.
Among the top gainers, Sapphire Textile Mills Limited surged by Rs35.50 to close at Rs1,557.65, while Attock Refinery Limited advanced by Rs21.32 to settle at Rs1,112.07.
On the losing side, Unilever Pakistan Foods Limited declined by Rs696.29 to close at Rs25,680.50, while Khairpur Sugar Mills Limited fell by Rs155.53 to Rs1,399.82.
In the futures (DFC) market, turnover stood at 339.047 million shares with a traded value of Rs9.357 billion, compared with 85.494 million shares worth Rs5.850 billion in the previous session.
Of 311 companies traded in the DFC market, 156 advanced, 145 declined and 10 remained unchanged.

Source: APP (Associated Press of Pakistan)