PSX gains 297 points to close at 48,771 points

ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday and gained 297.17 points, a positive change of 0.61 percent, closing at 48,771.71 points against 48,474.54 points the previous day, ARY News reported.

A total of 342,287,229 shares valuing Rs.11.735 billion were traded during the day as compared to 396,455,410 shares valuing Rs.10.529 billion the previous day.

As many as 322 companies transacted their shares in the stock market; 146 of them recorded gains and 160 sustained losses, whereas the share price of 16 companies remained unchanged.

The three top-trading companies were K-Electric Ltd with 112,985,840 shares at Rs.2.85 per share, WorldCall Telecom with 17,102,517 shares at Rs.1.30 per share and Nishat ChunPow with 12,166,495 shares at Rs.21.97 per share.

Rafhan Maize witnessed a maximum increase of Rs.350.00 per share price, closing at Rs.8,350.00, whereas the runner-up was Bata (Pak) with a Rs.50.61 rise in its per share price to Rs.1,697.25.

Pak Engineering witnessed a maximum decrease of Rs.24.93 per share closing at Rs.308.11, followed by Dawood Law with a Rs.17.99 decline to close at Rs.222.01.

The US dollar drops further 93 paisa and trading at Rs278.58 in interbank market on Thursday morning.

Pakistani rupee continued its gains in currency market against dollar. According to forex dealers the PKR gained another 93 paisa against the greenback in the interbank market and trading at Rs278.58.