KSE-100 Index resumes upward journey with 322-point gain

By: News Desk      Published: 05:27 PM, 16 Jul, 2020
KSE-100 Index resumes upward journey with 322-point gain

There are more encouraging signs for investors as the Pakistan Stock Exchange made more gains during the Thursday’s session with the KSE-100 Index up by 322.41 points.

The automobile sector proved to be the top performer as a whole while the majority of the companies in cement, chemical and engineering sectors made substantial gains.

By the time the session was closed, the KSE-100 Index stood at 37,001.44 after the share prices of 203 companies made gains, 140 were down and 13 remained unchanged. A total of 237,078,415 shares were traded during the day.

JS Bank Limited was the topmost in the list of active stocks with 31,676,000 of its shares traded. Meanwhile, Maple Leaf Cement Factory Limited continues to be a hotcake with 24,850,000 shares followed by 24,115,500 of Pak Elektron Limited.

On the other hand, the share price of Tri-Star Mutual Fund Limited was up by 17.06 percent. It was followed by Khurshid Spinning Mills Limited 16.39 percent and First Credit and Investment Bank 15.38 percent.

In terms of losses in share prices, the value of SME Leasing Limited was down by 26.82 percent, JA Textile Mills Limited by 12.39 percent and Samin Textiles Limited by 8.80 percent.

Since the start of July, the market is witnessing a positive phase and has gained 2,579.52 points as the index ended June at 34,421.92. As far as the weekly progress was concerned, the index has gained 811.04 points in the current week so far.