PSX turns bullish, gains over 1,498 points

The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday, gaining 1,498.66 points, a positive change of 0.89 percent, closing at 170,672.04 points against 169,173.38 points on the last trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 1,192.170 million shares with a traded value of Rs 39.677 billion, compared to 1,321.506 million shares valuing Rs 30.844 billion in the previous session.
The market capitalization increased to Rs 18.877 trillion from Rs 18.713 trillion a day earlier.
Out of 480 active companies in the ready market, 247 advanced, 196 declined, and 37 remained unchanged.
F. Nat. Equities topped the volume chart with 128.291 million shares, followed by Bank of Punjab with 112.666 million shares and Unity Foods Limited with 98.165 million shares.
The top gainers included PIA Holding Company LimitedB, which increased by Rs 477.08 to close at Rs 17,898.88, and Unilever Pakistan Foods Limited, which gained Rs 145.27 to settle at Rs 26,398.00.
On the losing side, Blessed Textiles Limited declined by Rs 110.97 to close at Rs 1,333.19, while Khairpur Sugar Mills Limited fell by Rs 91.36 to close at Rs 822.29.
In the futures market, turnover stood at 675.625 million shares with a traded value of Rs 28.140 billion, compared to 437.836 million shares worth Rs 17.810 billion in the previous session.
Out of 329 futures-market companies, 215 recorded gains while 110 declined, according to PSX data.