KSE-100 Index closes week with 159-point Friday surge

By: News Desk      Published: 05:33 PM, 4 Dec, 2020
KSE-100 Index closes week with 159-point Friday surge

The KSE-100 Index closed at 42,207 after gaining 159.28 points as the Pakistan Stock Exchange made some progress on Friday a day after a stagnant session where the market had moved in the positive trajectory but by only 4.89 points.

A total of 379 companies were available for trading where the share price of 209 entities went up. However, 159 companies shed their value while there was no change in the case of 21.

During the session, the index remained between the range of 42,316.52 and the previous day’s level of 42,047.72.

One of the usual suspects – TRG Pakistan – was again among the most active stocks and once again led the chart with the trading of 42,624,000 shares. It was followed by Pakistan Refinery and Pakistan Telecommunication Company with 30,946,000 and 21,734,500 shares respectively.

Meanwhile, the top three performers in terms of share price gain were Dewan Textile Mills 41.67 percent, Tri-Star Power 17.38 percent and Dawood Equities 14 percent. 

But Trust Securities & Brokerage proved to be the worst performer after shedding 9.92 percent of share value, which had experienced a 9.30 percent in the previous session. Pak-Gulf Leasing Company and Ismail Industries were the next two on the list with 7.54 percent and 7.50 percent.

The latest performance means the KSE-100 Index moved up by 1,138.18 points during the week after starting from the level of 41,068.82.