KARACHI ( WEB DESK )
The Pakistan Stock Exchange (PSE) continued its bullish trend at the beginning of the first business week of the calendar year 2021 and on Monday the KSE-100 Index rose another 251.66 points to 44686.46 points while 56.06% of the companies Share prices rose, resulting in an increase of Rs. 20.77 billion in market capitalization. The start of Monday trading in the Pakistan Stock Exchange is positive
The Pakistan Stock Exchange (PSE) started trading in the positive zone on Monday and investors showed great enthusiasm in buying shares of profitable companies. Reached a high of 45074.37 points. Later, due to profit taking trend, the psychological limit of 45,000 could not be maintained.
However, the bullish trend prevailed and at the end of the trading session, the KSE-100 Index gained 251.66 points to close at 44686.46 points. A total of 412 stocks were traded yesterday, of which 161 stocks gained, 231 stocks declined and 20 stocks stabilized. Due to the acceleration, the market investment value increased from Rs 81.32 billion to Rs 81.52 billion. In terms of significant fluctuations in share prices, Nestl Pakistan’s share price increased by Rs 72.50 to Rs 6,700 and Bata Pak by Rs 38.47 to Rs 1,549. Rs 16 decreased by Rs 1072.30 and Jubilee Life Insurance decreased by Rs 25.13 to Rs 360.87.