Pakistan Stock Exchange continues with its positive run
With the share prices of 200 companies making some gains, the KSE-100 Index was up by 283.34 points as the Pakistan Stock Exchange had another good session on Thursday.
Meanwhile, the value of 162 companies was down and 15 remained unchanged on a day where a total of 335,060,831 shares were traded.
At one point during early trading, the index reached the level of 40,422.83, representing a gain of just under 600 points. However, the market experienced some correction after initial bounce and ended the day at 40,166.12.
The recent streak of impressive gains came after a turbulent first half of 2020 with huge losses, as July proved to be most profitable month for the stock market during which the KSE-100 Index gained 4,836.52 points.
The biggest gainer in share price in Thursday’s trading was Worldcall Telecom Limited with its value going up by 41.58 percent. It was followed by Pervez Ahmed Consultancy Services Limited with 22.97 percent and First Credit and Investment Bank Limited with 16.13 percent.
However, this session wasn’t a pleasant one for Unicap Modaraba as it share price was down by 25.71 percent. The decrease for the next two worst performers – Tri-Star Power Limited and Quetta Textile Mills Limited – stood at 11.26 percent and 10 percent respectively.
On the other hand, Worldcall Telecom Limited also proved to be most active stock with 242,817,000 shares traded followed by 45,339,000 shares of Power Cement Limited.
However, Maple Leaf Cement Factory Limited again had a great day as it remained third with 38,472,000 shares. It was the most stock a day earlier with 38,479,500 shares being traded.