PSX 100-index Surges, WorldCall Telecom Leads Trading

The Pakistan Stock Exchange (PSX) experienced a positive trading day on Monday, with the 100-index showing a bullish trend. The index gained 229.86 points, marking a 0.33 percent increase and closing at 70,544.58 points. This was a significant improvement from the previous trading day's close at 70,314.72 points.

During the trading session, a total of 555,214,972 shares were traded, amounting to Rs.21.986 billion in value. This was a notable increase from the previous day, which saw 389,396,548 shares traded at Rs.17.273 billion. A total of 353 companies participated in the trading, with 180 of them recording gains, 156 sustaining losses, and 17 remaining unchanged.

Among the top trading companies in the PSX were WorldCall Telecom, Fauji Cement, and Fauji Foods Limited. WorldCall Telecom traded 88,622,330 shares at Rs.1.39 per share, Fauji Cement traded 33,100,985 shares at Rs.20.01 per share, and Fauji Foods Limited traded 30,022,192 shares at Rs.10.05 per share.

Notable price movements were observed in various companies, with Bata Pakistan Limited seeing the highest increase of Rs.25.00 per share, closing at Rs.1,725.00. Sugar Engineering Works Limited followed with a Rs.23.19 rise to Rs.493.46 per share. On the other hand, Mari Petroleum Company Limited experienced the most significant decrease, with a Rs.26.36 drop to close at Rs.2,595.35 per share, while Nestle Pakistan Limited saw a Rs.22.89 decline to close at Rs.7,525.00.

In conclusion, the PSX had a successful trading day with notable gains in the index and active participation from various companies. The market showed resilience and potential for further growth in the coming sessions.