Pakistan Stock Exchange up by 369 points

By: News Desk      Published: 05:39 PM, 10 Nov, 2020
Pakistan Stock Exchange up by 369 points

The KSE-100 Index went up by over around 370 points on Tuesday as the Pakistan Stock Exchange consolidated the gains made in the current month after the nosedive experienced in the last week of October and the first session of November.

When trading closed for the day, the index stood at 41,153.05 after a net gain of 360.05 points which represented a 0.90 percent increase in value.

A total of 15,144,992,870 shares traded during a session where the prices of 182 companies increased. However, there was a cut in the value of 164 entities with change recorded in the case of remaining 25.

Most of the sectors had a mixed performance but the strongest showing came from the oil and gas sector where both exploration and marketing companies as well as refineries made profits amid the latest rise in price after the news about the successful initial results of the coronavirus vaccine boosted the international market.

However, seven out of the top 10 active stocks had their share prices lowered. That’s value of TRG Pakistan Limited, which topped the list, was reduced by 5.36 percent after the trading of 30,914,500 shares.

The next two on the list were Pakistan Refinery Limited and Al Shaheer Corporation Limited with 23,526,500 and 21,654,000 shares respectively. 

Meanwhile, three modarabas – Popular Islamic, First Paramount and Unicap – were the best performers in terms of gains in their share prices. The percentage increase for these entities was 12.26 percent, 11.78 percent and 10.53 percent respectively.

But the three worst performing companies were also from the financial sector. There details are given as: PICIC Insurance Limited 13.90 percent, Security Investment Bank Limited 10.61 percent and First Prudential Modaraba 10.61 percent.