Pakistan Stock Exchange plunges by 285 points
August 20, 2020 06:21 PM
It is clear that the Pakistan Stock Exchange is unable to sustain the momentum gained last month as the KSE-100 Index shed 285.56 points and closed the session on Thursday at 39,868.55.
The index fluctuated between the range of 40,249.51 and 39,781.39 on a day which witnessed 210 companies shedding their values. Meanwhile, the share prices of 135 companies were up and 16 remained unchanged as a total of 242,938,840 shares were traded during the session.
Earlier on Wednesday, the market had ended the day in red zone despite a surge during early trading as the KSE-100 Index closed the day at 40,154.11 after shedding 29.90 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 487.09 points only this month so far.
In terms of losses, the share price of SME Leasing Limited was down by 12.50 percent, of Tri-Star Mutual Fund Limited by 10.83 percent, and of First Punjab Modaraba by 8.33 percent.
However, the Unicap Modaraba saw its share price increasing by 21.43 percent, making it the biggest gainer on Thursday. The next two on the list were the Grays Leasing Limited and the TPL Corporation Limited with their share prices surging by 20.79 percent and 15.11 percent respectively.
Meanwhile, the three most active stocks in the market were TRG Pakistan Limited, Pakistan Telecommunication Company Limited, and Unity Foods Limited. The number of shares traded of these companies were 30,418,500, 21,046,500 and 20,135,500 respectively.