Bulls return to PSX as benchmark index gains 1010 points

Bulls return to PSX as benchmark index gains 1010 points

Karachi (Staff Report): The Pakistan Stock Exchange (PSX) witnessed a bullish run on Wednesday as the benchmark KSE-100 Index climbed whopping 1,010 points to close at 35,959 — up 2.8 per cent.


The volume of shares traded in the benchmark index increased from 122.8 million shares to 151.5m shares. Similarly, the value of shares traded increased to Rs7.2 billion as compared to Rs6.9bn yesterday.

The Bank of Punjab (BoP), Fauji Cement Company Ltd (FCCL) and Unity Foods Limited (UFL) remained the top active scrips with 17.4m shares, 11.8m shares, and 9.9m shares traded respectively.

On Tuesday, The market showed bearish trend as benchmark KSE-100 index shed 748 points to close at 34,949 — down 2.14 per cent.

The index witnessed a slight upwards movement at the start of the session, gaining 12 points to 35,709 points. However, bears swiftly returned, forcing the index to hit the low of 34,900 points.