KSE-100 gains 368.92 points as PSX witnesses bullish trend

The benchmark KSE-100 Index of the Pakistan Stock Exchange witnessed a bullish trend on Wednesday, gaining 368.92 points, a positive change of 0.22 per cent, to close at 169,969.33 points against 169,600.41 points recorded in the previous trading session.

The ready market recorded a trading volume of 591.234 million shares, up from 568.040 million shares a day earlier, while traded value slipped to Rs20.191 billion from Rs20.812 billion. Market capitalisation rose to Rs18.927 trillion from Rs18.890 trillion. Of the 495 companies traded in the ready market, 253 gained, 195 declined and 47 were unchanged.

Pakistan International Bulk Terminal led the volume chart with 73.446 million shares, followed by Kohinoor Spinning with 58.387 million shares and Tasdeeq Information with 50.882 million shares.

Among the top gainers, Unilever Pakistan Foods Limited rose Rs199.00 to close at Rs25,534.00, while Sapphire Textile Mills Limited added Rs43.81 to settle at Rs1,521.05. On the losing side, PIA Holding Company Limited B declined by Rs237.49 to close at Rs15,262.51, and Nestle Pakistan Limited fell by Rs202.29 to Rs7,156.59.

In the futures (DFC) market, turnover stood at 121.265 million shares with a traded value of Rs5.495 billion, compared with 133.644 million shares worth Rs6.807 billion in the previous session. Of the 295 companies traded in the DFC market, 158 advanced, 122 declined and 15 remained unchanged.