PSX's 100-index gains 957 points, crosses 48,000 mark after two years

ISLAMABAD (APP) - The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 957.60 points, a positive change of 2.03 percent, closing at 48,034.60 points against 47,077.00 points the previous trading day.

A total of 491,874,957 shares were traded during the day as compared to 455,106,081 shares the previous day, whereas the price of shares stood at Rs 17.884 billion against Rs 17.879 billion on the last trading day.

As many as 358 companies transacted their shares in the stock market; 188 of them recorded gains and 144 sustained losses, whereas the share price of 26 companies remained unchanged.

Meanwhile, the per tola price of 24 karat gold decreased by Rs 2,500 and was sold at Rs.222,200 compared to its sale at Rs 224,700 on the previous trading day.

The price of 10 grams of 24 karat gold also decreased by Rs.2,143 to Rs.190,501 from Rs. 192,644 whereas 10 gram 22 karat gold was sold at Rs.174,626, All Sindh Sarafa Jewellers Association reported.

The price of per tola silver increased by Rs.50 to Rs2,800 whereas that of 10 grams silver went up by Rs.42.86 to 2,400.54. The price of gold in the international market decreased by US$16 to US$1,959 from US$1,975, the association reported.