PSX resumes bullish streak after Eid holidays

Source: Xinhua| 2017-06-29 21:16:26|Editor: ying
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ISLAMABAD, June 29 (Xinhua) -- The Pakistan Stock Exchange (PSX) remained bullish for the third straight trading session on Thursday as investors continued buying fresh positions following a restart to the proceedings after Eid-ul-Fitr holidays in Pakistan.

The Pakistan Stock Exchange's benchmark KSE 100-Index surged by 0.82 percent or 379.54 points to 46,711.85 points on Thursday when compared with 46,332.31 points reported on Thursday last week. During the ongoing three-day bullish streak, the main index has accumulated 1,797.40 points.

The KSE All-Share Index gained 0.59 percent or 190.18 points to 32,437.82 points, the KSE 30-Index improved by 1.11 percent or 269.13 points to 24,445.18 points, the KMI 30-Index expanded by 0.63 percent or 499.76 points to 79,499.25 points, whereas the Islamic All-Share Index swelled by 0.31 percent or 70.42 points to 22,609.02 points.

During Thursday's trading session, the main index moved in a broader range of 974.68 points as it smashed an intraday high of 47,090.28 points as against an intraday low of 46,115.60 points.

Market volumes depleted by 36.45 percent or 107.47 million shares to 187.40 million shares on Thursday when compared with a trading of 294.87 million shares posted on last Thursday.

Market capitalization bolstered by 88.79 billion rupees (834.97 million U.S. dollars) to 9.51 trillion rupees whereas trade value decreased by 5.60 percent or 746.82 million rupees to 12.59 billion rupees.

Among 385 active scrips on Thursday, the prices of 239 issues declined, 123 advanced, whereas values of 23 other companies stayed unchanged after the Eid break.

TRG Pakistan Limited, Bank of Punjab, and Karachi Electric Limited were the top traded companies with turnovers of 14.75 million shares, 10.79 million shares, and 8.42 million shares, respectively.

Nestle Pakistan was the top price gainer of the day with an increment of 200.00 rupees to close at 10,400.00 rupees while on the other hand, Wyeth Pakistan Limited led the major price shedders with a decrement of 42.14 rupees to finish the day at 1,973.50 rupees.