The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 945 points, a positive change of 0.61 percent, closing at 155,384 points.
A total of 857,609,724 shares were traded during the day as compared to 987,589,372 shares the previous day, whereas the total value of shares traded was recorded at Rs. 32.724 billion against Rs. 39.911 billion a day earlier.
As many as 482 companies transacted their shares in the stock market; 243 recorded gains and 205 sustained losses, whereas the share prices of 34 remained unchanged.
Brokerage house Topline Securities said that bullish sentiment prevailed throughout the day, with the index touching an intraday high of 155,602, following the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 11% during today’s Monetary Policy Committee (MPC) meeting.
Robust performances from FFC, UBL, and HUBC collectively contributed 448 points to the index’s advance.
However, these gains were partially tempered by declines in HBL, BAHL, and ENGROH, which together dragged the index down by 91 points, it added.
