PSX stays bullish, gains over 1,269 points

The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with bullish momentum on Wednesday, gaining 1,269.55 points, a positive change of 0.77 percent, to close at 165,736.76 points against 164,467.20 points recorded in the previous trading session.
The ready market witnessed a trading volume of 578.124 million shares, compared to 401.969 million shares traded in the previous session, while the traded value increased to Rs 26.203 billion from Rs 18.069 billion.
Market capitalisation increased to Rs 18.329 trillion from Rs 18.214 trillion recorded a day earlier.
Out of 496 companies that traded in the ready market, 269 posted gains, 180 suffered losses, while 47 remained unchanged.
Pervez Ahmed Co led the volume chart with 58.321 million shares, followed by TPL Properties with 38.349 million shares and Cnergyico PK with 34.763 million shares.
Among the top gainers, Ghandhara Industries Limited surged by Rs 106.12 to close at Rs 1,167.28, while Rafhan Maize Products Company Limited advanced by Rs 70.86 to settle at Rs 8,408.05.
On the losing side, PIA Holding Company LimitedB declined by Rs 448.49 to close at Rs 13,551.50, while Khairpur Sugar Mills Limited fell by Rs 125.98 to Rs 1,133.86.
In the futures (DFC) market, turnover stood at 422.813 million shares with a traded value of Rs 17.391 billion, compared with 455.777 million shares worth Rs 14.653 billion in the previous session.
Of 315 companies traded in the DFC market, 209 advanced, 105 declined and 1 remained unchanged.