PSX Gains 1378 Points to Close Just Shy of 85,000 Mark  

The Pakistan Stock Exchange (PSX) continued its record-breaking rally on Monday as the KSE-100 Index gained 1,378.34 points to hit an all-time high level of 84,910.30 points.  In a breif note, brokerage house Topline Securities said this surge was driven by falling bond yields and an expected sharp drop in inflation, igniting a wave of optimism in the market.  A total of 449,507,635 shares were traded during the day as compared to 381,529,555 shares the previous trading day, whereas the price of shares stood at Rs. 30.196 billion against Rs. 20.523 billion on the last trading day.   As many as 448 companies transacted their shares in the stock market, 224 of them recorded gains and 86 sustained losses, whereas the share price of 3 companies remained unchanged.  The three top trading companies were Pak Petroleum with 40,779,930 shares at Rs. 126.69 per share, Hub Power Company XD with 28,080,507 shares at Rs. 121.70 per share and Fauji Cement with 23,127,553 shares at Rs. 28.00 per share.  Hoechst Pakistan Limited witnessed a maximum increase of Rs. 185.20 per share price, closing at Rs 2,285.20, whereas the runner-up was Pakistan Tobacco Company Limited with Rs. 85.77 rise in its per share price to Rs 1,027.45.  Bhanero Textile Mills Limited witnessed a maximum decrease of Rs. 82.27 per share closing at Rs. 966.73 followed by Hallmark Company Limited with Rs. 43.04 decline to close at Rs. 1,132.30.