PSX stays bullish, gains 319 points

F.P. Report

ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 319.74 points, with a positive change of 0.75 percent, closing at 42,861.45 points against 42,541.71 points on the last working day.
A total of 527,672,738 shares were traded during the day compared to the trade of 347,068,781 shares the previous day, whereas the price of shares stood at Rs13.974 billion against Rs9.042 billion on last trading day.
As many as 368 companies transacted shares in the stock market, 223 of them recorded gain and 131 sustained losses, whereas the share price of 14 companies remained unchanged.
The three top trading companies were Cnergyico Pk with a volume of 64,002,196 shares and price per share of Rs5.73, Pak Refinery with volume of 55,636,420 and price per share of Rs17.79 and WorldCall Telecom with volume of 21,506,000 and price per share of Rs1.57.
Rafhan Maize witnessed a maximum increase of Rs.390 per share, closing at Rs.9,990 whereas the runner up was Sapphire Tex, the share prices of which climbed up by Rs74.24 to Rs1,0754.25.Philip Morris Pak witnessed maximum decrease of Rs43.47 closing at Rs536.53 followed by Indus Thal Ind. Corp, the share price of which declined by Rs20.58 to close at Rs253.91.
Gold prices decline by Rs.2100 to Rs.141,200
The price of 24 karat per tola gold witnessed a decrease of Rs.2,100 and was sold at Rs.141,200 on Friday against its sale at Rs.143,300 in the local market.
The price of 10 gram 24 karat gold also decreased by Rs.1800 and was sold at Rs.121,056 compared to its sale at Rs122,756 whereas that of 22 karat gold went down to Rs.110,968 from Rs.112,619, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained unchanged at Rs.1590 and Rs.1363.16 respectively. The price of gold in international market decreased by $14 and was traded at $1860 compared to its sale at $1846, the association reported.

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