KSE-100 Index takes a breather of 66 points
July 16, 2020 06:01 AM
The Pakistan Stock Exchange was down for the first time this month on Wednesday as the KSE-100 Index shed 66.19 points and closed at 36,679.03.
A total of 356 companies were on trade during the session. The share prices of 195 were down, of 137 suffered loses and 24 remained unchanged.
Since the start of July, the market is witnessing a positive phase and has gained 2,257.11 points as the index ended June at 34,421.92. As far as the weekly progress was concerned, the index made a gain of 1,139.02 points in the last week.
With a total of 33,169,000 shares traded, Maple Leaf Cement Factory Limited was again the most active stock in the market. The second and third on the list were Pak Elektron Limited and Unity Foods Limited with 27,109,000 and 21,793,000 shares traded respectively.
The share price of First Credit and Investment Bank Limited was up by 18.18 percent, making it the biggest gainer on Wednesday. It was followed by Samin Textile Limited 17.19 percent and Safe Mix Concrete Limited 14.08 percent.
Meanwhile, First Capital Elite Modaraba experienced worst losses during the session as its share price was down by 16.32 percent. The second worst-performer was First Tri-Star Modaraba 13.33 percent followed by 8.54 percent in the case of Escorts Investment Bank Limited.