Stock Exchange performs well with KSE-100 Index up by 261 points
The KSE-100 Index was up by 261.48 points and closed at 35,085.08 as the Pakistan Stock Exchange made significant gains on Wednesday.
A total of 139,852,556 shares of 350 companies were traded during the session. The share prices of 188 companies went up, 141 were down and 21 remained unchanged.
Pak Refinery was the most active stock with 11,680,500 shares being traded. The second on the list was TRG Pakistan Limited with 10,896,500 shares followed by 8,999,000 of The Bank of Punjab.
The biggest gainer was Nazir Cotton Mills Limited as its share price was up by 20 percent (Rs0.50) followed by a 12.79 percent (Rs0.11) gain made by PICIC Insurance Company limited and 11.56 percent (Rs0.37) by Yousaf Weaving Mills Limited.
On the other hand, the biggest loss in share price was suffered by Tri-Star Mutual Fund Limited as it was down by 20 percent (Rs0.70) followed by 13.95 percent (Rs0.30) in case of Kohinoor Power Company Limited and 10.87 percent (Rs0.25) for Dewan Sugar Mills Limited.
It was a poor very trading session for the automobile sector as the share prices of only Sazgar Engineering, Atlas Honda and Ghani Automobile were up. However, all the cable and electrical goods companies saw their shares going up with Siemens making a gain of Rs1.84.
Meanwhile, the commercial banks had a great day with the share value of United Bank increased by Rs5.46, Meezan Bank by Rs4.27, Habib Bank by Rs4.12, Bank Alfalah Rs2.34 and Allied Bank by Rs1.39 among others.
On the other hand, the share prices of oil and gas exploration companies were down with Mari Petroleum down by Rs23.17. Shell Pakistan was the biggest loser among the marketing companies with a loss of Rs3.54.