The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index extended its bullish momentum on Wednesday, gaining 457.27 points, a positive change of 0.29 percent, to close at 157,021 points.
A total of 996,270,293 shares were traded during the day compared to 1,068,521,605 shares the last trading day, while the value of shares stood at Rs. 52.727 billion against Rs. 55.190 billion previously.
As many as 486 companies transacted their shares in the stock market, 226 of them recorded gains, 227 sustained losses, whereas the share price of 33 companies remained unchanged.
Brokerage house Topline Securities highlighted that a tussle between bulls and bears was witnessed in the early hours of today’s trading session, with the index swinging between an intraday high of 915 points and a low of 484 points.
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Investor confidence remained buoyant, with market heavyweights attracting robust flows and reinforcing the bullish undertone, it said.
Key contributors to the rally included EFERT, PPL, BAHL, LCI, and MARI, which collectively added 363 points to the index. On the flipside, ENGROH, UBL, HBL, FFC, and MEBL cumulatively dented performance by 316 points, it highlighted.
