The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) on Monday closed bullish, gaining 3,373.31 points, a positive change of 1.88 percent, to settle all time high at 182,408.24 points compared to 179,034.93 points on the previous trading day, according to PSX data.
During the session, the ready market witnessed a trading volume of 1,384.300 million shares with a traded value of Rs 78.095 billion, against 1,113.099 million shares valuing Rs 64.340 billion in the previous session. Market capitalization increased to Rs 20.509 trillion from Rs 20.213 trillion a day earlier.
Out of 483 active companies in the ready market, 256 advanced, 197 declined, while 30 remained unchanged.
Bank of Punjab topped the volume chart with 95.463 million shares, followed by Pak International Bulk Terminal with 79.721 million shares and K-Electric Limited with 75.184 million shares.
The top gainers included PIA Holding Company Limited, which rose by Rs 1,408.26 to close at Rs 25,052.36, and Indus Motor Company Limited, which increased by Rs 55.04 to settle at Rs 2,102.33.
On the losing side, Unilever Pakistan Foods Limited declined by Rs 91.99 to close at Rs 28,908.00, while Rafhan Maize Products Company Limited fell by Rs 82.55 to close at Rs 9,930.92.
In the futures market, turnover stood at 307.050 million shares with a traded value of Rs 16.872 billion, compared to 212.329 million shares worth Rs 13.606 billion in the previous session.
Out of 313 futures-market companies, 216 recorded gains, 93 declined, while four remained unchanged.
Among futures contracts, BOP-JAN led with 41.313 million shares, followed by PIBTL-JAN with 31.414 million shares and TELE-JAN with 25.086 million shares.
PSX elects Ruhail Mohammad as chairperson
Pakistan Stock Exchange Limited (PSX) announced on Monday that Ruhail Mohammad was elected as Chairman of PSX’s Board of Directors after the demise of the former Chairperson, Dr Shamshad Akhtar.
The PSX shared the information in a notice today.
The notice said that Mohammad will serve the position for the remainder of the term of the Board, in accordance with the applicable legal and regulatory requirements.
Former caretaker minister for finance and State Bank of Pakistan governor Akhtar passed away last month at the age of 70.
Meanwhile, the Board also considered the resignation of Dr Fakhara Rizwan from her position as Corporate Secretary and Chief Governance, Legal & Corporate Affairs Officer of PSX.