PSX maintains bullish trend as benchmark gains 755 points

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The Pakistan Stock Exchange (PSX) on Friday closed the week on a positive note as bulls dominated the session, with the benchmark KSE-100 Index gaining 755 points, up 1.95 per cent, to close at 39,471.

The marked hit a day's low of 38,710 points during the first few minutes of the session, down only six points, soon after the commencement of trading. The market adopted a positive momentum for the rest of the session and hit a day's high of 39,525 points in the second half of the session.

In all, 223 million shares worth almost Rs9.2 billion changed hands during the session as compared to 180m shares worth Rs6.9bn on the previous trading day.

A total of 365 companies' shares were traded, out of which 272 advanced, 78 declined, whereas 15 remained unchanged.

The cement sector dominated trading with 30.6m shares traded, while the communication and banking sectors followed with 29.7m and 19.7m shares traded respectively.

Volumes were led by:

-Dewan Salman: 17.1m shares traded [+15.00pc];

-Lotte Chemical: 15.3m shares traded [+11.22pc];

-TRG Pak Ltd: 12.9m shares traded [+4.44pc];

-WorldCall Telecom: 11.7m shares traded [+1.08pc];

-K-Electric Ltd: 11.2m shares traded [+3.25pc].

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