KSE-100 Index surges by 596 points

By: News Desk      Published: 04:56 PM, 1 Dec, 2020
KSE-100 Index surges by 596 points

The Pakistan Stock Exchange started the new month with an impressive performance as the KSE-100 Index closed the Tuesday session at 41,665.27 after a 596.45 points (1.45 percent) surge.

It means the index has gained 2,032.75 points after dipping to the level of 39,632.52 on November 23. But it is still below the 42,647.35 mark achieved on September 10 after a rally that started in July till that point. 

On Tuesday, the market volume stood at 489,632,747 shares. A total of 362 companies were available for trading out of which there an increase in the value of 242. However, the share prices of 91 entities were slashed with no change recorded in the case of the remaining 29.

Unity Foods continues to be the most active stock amid an impressive run in recent months. It not only topped the list with 67,865,000 shares being traded but also had a 7.05 percent increase in its share price.

TRG Pakistan – another company that has been a hotcake in the market – was second with 37,162,000 shares followed by 32,574,500 of Hum Network.  

On the other hand, the top advancers were Saudi Pak Leasing Company, Ravi Textile Mills and Pakistan PVC with an increase of 12.23 percent, 12.13 percent and 12.12 percent in their respective share prices.

However, Samin Textiles was the worst performer among the 91 companies shedding their share prices. Its value was reduced by 10.97 percent followed by Dewan Sugar Mills 8.62 percent and The Pakistan General Insurance Company 8.47 percent.