Pakistan Stock Exchange in green zone after gaining 61 points

By: News Desk      Published: 05:18 PM, 18 Aug, 2020
Pakistan Stock Exchange in green zone after gaining 61 points

The Pakistan Stock Exchange on Tuesday reversed the three-session long losing streak and ended the day in the green zone with a gain of 61.51 points.

After the starting the session from the previous day’s level of 40,122.50, the KSE-100 Index closed at 40,184.01 as the share prices of 177 companies went up, 160 were down and 20 remained unchanged.

These small gains came after the index was down by 168.24 points on Monday. Earlier, the KSE-100 index had lost 182.44 points on Thursday and 85.97 points on Wednesday. Hence, the accumulative loss during the three sessions stood at 436.65 points.

Since recording the biggest sustained profitable streak of the year in July when the KSE-100 gained 4,836.92 points and closed at 39,258.44, it has moved up by 802.55 points only this month so far, representing correction or stagnation caused by an uncertain economic period.

The most active stock on Tuesday was the Pakistan International Bulk Terminal Limited with the trading of 35,581,000 of its shares. The next two on the list were Pakistan Refinery Limited and DG Khan Cement Company Limited with 27,569,000 and 26,779,000 shares respectively.

However, it was the Grays Leasing Limited which the biggest gains in terms of share price as its value was up by 35.50 percent. It was followed by Drekkar Kingsway Limited 14.67 percent and Samba Bank Limited 11.46 percent.

Meanwhile, it wasn’t a good session for the likes of Power Cement (R1) whose per share value was slashed by 19.67 percent followed by a decrease of 15.50 percent in the case of Unity Foods (R2)  and 15.60 percent for The Universal Insurance Company Limited,

The sector-wise performance shows that the overall performance of cement companies was more than satisfactory – a continuation of the recent trend.