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PSX: Positive Response by the Bourse to the General Elections 2018

The Pakistan Stock Exchange showed an upside of 749.94 points (KSE-100 Index) which is 1.81% as  compared to last closing index. Majority of the stocks remained in green today. The share trading volume has also increased showing interest of investors in the stock market.

The response of PSX and investors seems to be in favour of the winning party i.e. Pakistan Tehreek e Insaf. Besides the market, the inter bank  dollar rate also remained stable and some media reports claim that the exchange rate of Inter Bank Dollar closed rate Rs. 128. However, in open market, dollar is trading around Rs. 130.

The top 10 volume leaders of PSX were as under:

Company Name
Share Price
% Change
 Bank Of Punjab11.79-0.73-5.83%25,008,500
 Pak International Airline Corp Ltd5.990.8215.86%21,517,500
 K-Electric Limited.5.550.030.54%18,034,000
 Pakistan Intl. Bulk Terminal Ltd.(R)0.53-0.03-5.36%15,697,500
 BYCO Petroleum Pak Ltd.13.270.534.16%8,778,500
 Lotte Chemical Pakistan Ltd.12.970.241.89%7,993,500
 TRG Pakistan Ltd.30.090.993.40%6,915,500
 Engro Polymer & Chemicals Ltd.32.060.521.65%6,814,000
 Fauji Foods Limited.,646,500

Overall, the KSE All Share index was up by 357.83 points which closed at 30377.07 (up by 1.19% from last closing). The total volume of share trade clocked at 254 million. The volume was very supportive for the market and shows the confidence of investors.


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