PSX Continues Record-Breaking Rally, Crosses 85,500 Mark

The 100-Index of the Pakistan Stock Exchange (PSX) continued its bullish trend on Tuesday, gaining 753.68 more points to close at 85,663.98.  A total of 506,565,368 shares were traded during the day as compared to 449,507,635 shares the previous trading day, whereas the price of shares stood at Rs. 33.049 billion against Rs. 30.196 billion on the last trading day.  Brokerage house Topline Securities highlighted that the in last one month, the index is up 9 percent, while in last 12 months index has returned 80 percent to investors. As many as 448 companies transacted their shares in the stock market, 193 of them recorded gains and 194 sustained losses, whereas the share price of 61 companies remained unchanged.  The three top trading companies were Hub Power Company with 44,845,448 shares at Rs. 111.92 per share, Pak Petroleum with 21,544,867 shares at Rs. 128.12 per share and Pak Refinery with 21, 345,096 shares at Rs. 25. 57 per share.