Pakistan Stock Exchange up by 272 points

By: News Desk      Published: 05:23 PM, 7 Sep, 2020
Pakistan Stock Exchange up by 272 points

The Pakistan Stock Exchange started the new business week on a positive note as the KSE-100 Index ended the session at 42,295.75 with a gain of 272.75 points.

As the market had a total of 388,893,229 shares for trading, the share prices of 228 companies were up and of 127 down with no change recorded in the value of 24.

The biggest gain in share price was made by Saudi Pak Leasing Company Limited with a 35.04 percent surge. It was followed by Dewan Textile Mills Limited and Service Fabrics Limited gaining 28.21 percent and 15.43 percent respectively.

However, the share price of Grays Leasing Limited was down by 11.03 percent, Sapphire Fibres Limited by 7.50 percent and Baba Farid Sugar Mills Limited by 7.49 percent, making these three the worst performers of the day.

As far as the most active stocks are concerned, 72,409,500 shares of Power Cement Limited were traded. Pakistan International Bulk Terminal Limited with 57,332,000 shares and Hascol Petroleum Limited with 45,990,500 shares were second and third respectively.

As a whole, the oil and gas exploration sector had poor session unlike the marketing companies and refineries which made substantial gains. Similarly, the sectors like food and personal care products, engineering and fertilizer were also among the gainers.

After these latest gains on Monday, the KSE-100 Index has so far surged by 1,349.93 points in the current month. 

The share market has managed to successfully cut the losses suffered earlier in March when the index was down by over 11,000 points. The next three months saw some progress but there was nothing significant. However, the market regained confidence and started moving in the right direction in July and August.