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News

KSE-100 Index up by 148 points after a mixed session

November 17, 2020 05:52 PM


After a mixed session for different sectors, the KSE-100 Index ended the Tuesday session at 40,652.67 with a gain of 147.92 points as the 188 companies saw their share prices going up.

With a total of 355 companies for trading, the values of 149 entities were reduced with no change recorded in the case of the remaining 18. The total volume of trading stood at 150,341,863 shares.

On Tuesday, the most active stock was TRG Pakistan Limited followed by Bank Islami Pakistan Limited and Soneri Bank Limited with the trading of 9,909,500, 8,770,500 and 8,678,500 shares respectively.

Meanwhile, it was Hala Enterprises Limited which led the pack of advancers with a gain of 17.79 percent in its share price. The next two companies on the list were The Universal Insurance Company Limited 14.29 percent and Ashfaq Textile Mills Limited 10.74 percent.

But the list of top decliners also remained long. The three worst performers in terms of share price cut were Popular Islamic Modaraba 16.53 percent, Dawood Equities Limited 10.42 percent and Dewan Textile Mills Limited 10 percent.

After starting the year from the level of 40,735.08, the KSE-100 Index reached 43,207.05 – the highest level reached this year so far – on January 10. But a downward movement started after that which turned into a nosedive in March when it slid to 27,228.80 on March 25.

However, a recovery began since then which gained momentum in July and August as the index again climbed back to 42,647.35 on September 10. But the journey has proved to be sluggish beyond that point with the index currently standing at 40,652.67.



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