Abb Takk News

Bulls Return With Bang As PSX Gains 629 Points

KARACHI: Bulls returned to the bourse on Thursday as the KSE-100 index notched up handsome gains, rising 629 points following a bearish session a day ago.

Trading volumes remained buoyant during the session as buying activity was recorded across the board.

Earlier, trading began on a positive note and the KSE-100 index rose steadily throughout the day, crossing the 32,000-point mark. Minor dips were seen from time to time, which was corrected instantly. Across-the-board buying helped all the index-heavy sectors to remain positive.

Overall trading volumes stood at 137 million shares while the traded value came in at $38 million.

Overall, trading volumes increased to 136.6 million shares compared with Wednesday’s tally of 99.4 million. The value of shares traded during the day was Rs5.9 billion.

Shares of 357 companies were traded. At the end of the day, 263 stocks closed higher, 72 declined and 22 remained unchanged.