PSX remains bullish as benchmark index gains 434 points
The Pakistan Stock Exchange (PSX) continued its positive run on Tuesday, with the benchmark KSE-10 index gaining 434 points to close at 43,703.
After opening higher, the index continued on an upward trajectory for most part of the day, hitting the day's high of 43,747 points and low of 43,197 on the way.
Volumes increased to 166.5 million shares today while traded value crossed Rs10 billion. Shares of 336 companies were traded at the exchange, of which 180 increased in value,127 declined and 29 remained unchanged.
Analysts credited the positive momentum at the market in part to the oath-taking of the interim federal cabinet which signifies a smooth transition.
Commercial banking sector dominated trading with 36.4m shares traded and was followed by cement with 28.7m shares traded.
Volumes were led by:
Bank Of Punjab: 20.3m shares traded [+1.82pc];
Pakistan Elektron Ltd: 14.3m shares traded [+1.59pc];
Sui Southern Gas Co Ltd: 13.6m shares traded [+4.20pc];
Fauji Cement Co Ltd: 10.1m shares traded [+2.97pc];
D. G. Khan Cement Co. Ltd: 9.5m shares traded [+3.60pc].