PSX Surges 1,055 Points Amid Bullish Trend

APP

Islamabad: The Pakistan Stock Exchange (PSX) saw a bullish surge on Monday, with the benchmark 100-Index gaining 1,055.03 points—a 0.96% increase—closing at 111,377.97 points, up from 110,322.94 points in the previous session.

Trading activity also saw a significant boost, with 415.16 million shares exchanged, compared to 299.67 million in the last session, while the total share value rose to Rs 23.95 billion, up from Rs 15.62 billion.

Out of 429 companies trading during the day, 198 recorded gains, 172 saw losses, and 59 remained unchanged.

The top three trading companies were:

Bank of Punjab (55.93 million shares at Rs 10.28 per share)

WorldCall Telecom (34.11 million shares at Rs 1.53 per share)

Cnergyico PK (31.37 million shares at Rs 7.53 per share)

In terms of stock movement, Unilever Pakistan Foods Limited recorded the biggest gain, rising by Rs 787.49 to close at Rs 23,232.28. Ghandhara Industries Limited followed with a Rs 57.88 increase, closing at Rs 636.70.

On the losing side, Bata Pakistan Limited saw the biggest drop, declining by Rs 44.24 to Rs 1,919.00, while Faisal Spinning Mills Limited lost Rs 36.15, closing at Rs 325.96.

The strong rally reflects investor confidence, with increased trading volumes signaling positive market sentiment.