The freak nature of the Pakistan Stock Exchange was again manifested by Thursday’s session as the market made huge gains with the KSE-100 Index moving up by 789.34 points after closing at 41,071.30 despite a reduced trading volume. 

Earlier on Wednesday, the 100 Index was down by 198.92 points just a day after an enormous 1,368.70 points gain, as the majority of the companies shed their share prices.

After going south by over 2,700 points in the previous four sessions, the Pakistan Stock Exchange had bounced back with a bang, retrieving a huge chunk of losses in a single session on Tuesday.

On October 26, the KSE-100 had reached 41,850.47 but later tumbled to 39,112.18 during the next four business days, wiping out nearly all the gains made since Oct 5 when it had closed at 39,072.47.

As far as the Thursday session is concerned, the overall trading volume stood at 356,655,181 shares against the last day’s level of 427,848,775. The value of 252 companies increased while that of 91 was slashed. However, no change was witnessed in the share prices of 22 entities.

Pakistan Refinery Limited was the most stock with the trading of 33,193,000 shares. It was followed by Unity Foods Limited and Pakistan International Bulk Terminal Limited with 32,343,500 and 19,396,500 shares respectively.

As far as the main advancers are concerned, the biggest surge in share price – 13.64 percent – was yet again witnessed by PICIC Insurance Limited. The next on the list were The Pakistan General Insurance Co Limited 13.04 percent and Data Agro Limited 11.33 percent.

However, First Imrooz Modaraba shed 7.50 percent of its share price while the loss suffered by Ismail Industries Limited was 7.50 percent. The cut in share price stood at 7.49 percent in the case of Aisha Steel Convertible.