ISLAMABAD, Oct. 26 (Xinhua) -- The Pakistan Stock Exchange (PSX) kicked off weekly trade on Monday with upward momentum as optimism in the market got renewed.
The Financial Action Task Force recently found that Pakistan had successfully complied with 21 out of 27 points of action. Moreover, the recovery of the Pakistani rupee against the U.S. dollar and stable oil prices in the international market also fanned bullish momentum at the bourse, according to market experts.
The PSX's benchmark KSE 100-Index surged by 1.42 percent or 584.47 points to close at 41,850.47 points on Monday when compared with 41,266.00 points recorded on Friday.
During Monday's trading session, the main index moved in a healthy range of 610.79 points as it touched an intraday peak of 41,876.79 points as against an intraday low of 41,266.00 points.
The KSE All-Share Index increased by 1.10 percent or 321.25 points to close at 29,439.51 points, the KSE 30-Index surged by 1.23 percent or 213.35 points to end at 17,594.63 points, the KMI 30-Index jumped by 2.21 percent or 1,459.90 points to conclude at 67,394.62 points, whereas the Islamic All-Share Index moved up by 1.57 percent or 319.26 points to finish the inaugural trading session of the week at 20,631.10 points.
Market volumes soared by 37.44 percent or 132.698 million shares to 487.116 million shares on Monday when compared with the trading of 354.418 million shares posted on Friday.
Market value increased by 37.80 percent or 5.901 billion rupees to close at 21.514 billion rupees on Monday as against Friday's closing figure of 15.613 billion rupees.
Among 382 active scrips on Monday, the prices of 258 issues closed in the green zone, 103 finished lower into the bearish trajectory, whereas the value of 21 other listed companies stayed unchanged at the previous week's levels.
Maple Leaf Cement Factory Limited, Power Cement Limited, and Fauji Cement Company Limited were the top traded companies with turnovers of 48.526 million shares, 38.320 million shares, and 31.227 million shares, respectively.
Rafhan Maize Products Limited emerged as the top performer of the day with an increment of 200.00 rupees per share to close at 8,300.00 rupees while on the other hand, Nestle Pakistan Limited led the worst performers of the session with a decrement of 74.69 rupees per share to finish the opening trading session of the week at 6,425.31 rupees. (1 U.S. dollar = 161.25 rupees) Enditem
