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PSX speeds up after IMF approval of new bail out package as market gains 435 points

Karachi: After approval of new bail out of worth 7 billions dollars by the International Monetary Fund, Pakistan Stock Exchange has witnessed bullish trend after gaining 435 points on 4th day of business week, Thursday.

The PSX is trading at 82, 683 in morning session.

Yesterday, the 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend yesterday, gaining 764.28 points, closing at 82,247.92 points .

A total of 422,163,158 shares were traded during the day as compared to 369,620,812 shares the previous trading day, whereas the price of shares stood at Rs 18.380 billion against Rs. 17.062 billion on the last trading day.

As many as 437 companies transacted their shares in the stock market, 248 of them recorded gains and 126 sustained losses, whereas the share price of 63 companies remained unchanged.