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Bullish run continues as KSE-100 index gains 487 points

Bullish run continues as KSE-100 index gains 487 points

KARACHI: Pakistan Stock Exchange (PSX) witnessed a positive trend on Wednesday as the benchmark KSE-100 index gains 487 points and recovered to 30,954 points.

A total of 99,661,930 shares were traded compared to the trade of 48,205,640 shares the previous day, whereas the value of shares traded during the day stood at Rs4.943 billion compared to Rs2.429 billion last day.

Out of 346 companies, share prices of 142 companies recorded increase while 184 companies registered decrease whereas 20 companies remained stable in today s trading.

The three top traded companies were Maple Leaf with a volume of 11,505,000 and price per share of Rs17.23, Oil and Gas Dev. with a volume of 8,795,000 and price per share of Rs113.56 and WorldCall Telecom with a volume of 6,688,000 and price per share of Rs0.89.

The top advancer was Colgate PalmXD with the increase of Rs94.99 per share, closing at Rs1994.99 while Millat Tractors was runner up with the increase of Rs21.06 per share, closing at Rs724.18.

The top decliners were Nestle Pakistan XD with the decrease of Rs189.36 per share, closing at Rs5619.64 and Sapphire Fiber with the decrease of Rs42.25 per share closing at Rs802.75.

On Thursday, the Pakistan Stock Exchange (PSX) noted bearish trend as KSE 100 index lost 29.96 points (0.10 percent) to close at 30,214.77 points.

A total of 146,537,210 shares were traded compared to the trade of 128,886,530 shares the previous day, whereas the value of shares traded during the day stood at Rs5.106 billion compared to Rs4.894 billion last day.

Out of 342 companies, share prices of 122 companies recorded increase while 202 companies registered decrease whereas 18 companies remained stable in today s trading.

The three top traded companies were Maple Leaf with a volume of 17,169,500 and price per share of Rs17.73, World Call Telecom with a volume of 12,938,000 and price per share of Rs0.86 and Lotte Chemical with a volume of 10,399,000 and price per share of Rs15.01.

The top advancer was Colgate Palm with the increase of Rs87.30 per share, closing at Rs1833.46 while Millat Tractors was runner up with the increase of Rs28.49 per share, closing at Rs693.61.

The top decliners were Nestle Pakistan with the decrease of Rs304.75 per share, closing at Rs5790.25 and Wyeth Pak Ltd with the decrease of Rs17.71 per share closing at Rs585.79.