KSE-100 Index up by 305 points

By: News Desk      Published: 05:43 PM, 5 Aug, 2020
KSE-100 Index up by 305 points

The Pakistan Stock had a positive session on Wednesday when the KSE-100 Index jumped to 39,882.78 after gaining of 305.16 points after suffering a loss of 299.93 the previous day.

A total of 296,172,371 shares were traded on the market floor with the share prices of 211 companies making gains and 137 shedding some of their value. However, the share prices of 19 companies remained stable without any change.  

As far as the most active stock is concerned, it was Maple Leaf Cement Factory Limited whose 38,479,500 shares were traded. The next one on the list – Power Cement Limited – with 37,475,500 shares was also from the same sector. These two entities were followed by TRG Pakistan Limited with 34,578,000 shares.

Meanwhile, two more cement companies – DG Khan Cement Factory Limited and Fauji Cement Company Limited – also made it to the top 10 list. 

On the other hand, two financial sector companies – First Credit and Investment Bank Limited and First IBL Modaraba – were the biggest gainers in terms of share price with 19.23 percent and 19.05 percent respectively. The third biggest gainer was Sally Textile Mills Limited whose share price was up by 16.10 percent.

When it comes to the top 10 list, five of these companies from the financial sector, four from the textile sector and one from cement sector.

The Wednesday’s session proved to be the worst for Mian Textile Industries Limited with a loss of 12.30 per cent loss in share price. It was followed by First Tri-Star Modaraba 10.80 percent and Ghazi Fabrics International Limited 9.41 percent. 

When it comes to the best-performer, it was the cement sector as all the 18 companies, whose shares were traded made, gained in terms of their respective value.

After a turbulent first six half of 2020, July proved to be most profitable month for the stock market during which the KSE-100 Index gained 4,836.52 points, making it the best streak of gains in the current year after the worst southward movement it experienced in March.