PSX: Bulls return to the bourse after a week of bearish trend!

SANA MAHMOOD

KARACHI: KSE-100 Index gained 945 points facilitating the bourse close at 40,791points today as bulls entered the Stock Exchange following bailout news.

According to details the news apropos  a package (of Rs. 20b by the PM) for bourse investors have shooed the bears off that had made the exchange bleed last week.

Rs. 6b worth of 125m shares changed hands today. Value of the shares of  263 companies augmented, 82 declined and 14 remained stagnant.

Today Textile,  Engineering and Communication Sectors have led the trading with 28m, 12m and 11m shares.

Top five traders of the shares were: Chakwal Spinning, 11m shares (15.06pc); Aisha Steel Mills, 6.6m shares (+6.06pc); TRG Pak Ltd., 5.5m shares (+4.98pc); Bank of Punjab,  5.0m shares (+2.60pc); K-Electric Ltd., 4.9m shares (+0.16pc).

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.