KSE-100 Index jumps up by 616 points

By: News Desk      Published: 05:17 PM, 20 Oct, 2020
KSE-100 Index jumps up by 616 points

The unpredictable Pakistan Stock Exchange had a profitable session on Tuesday as the KSE-100 Index gained 616.41 points and closed the day at 40,956.58.

With a trading volume of 49,267,483 shares, the share prices of 255 companies went up and those of 104 declined with no change in the value of 16.

It means the stock market has recovered all the losses suffered earlier in the month with net gain of 385.10 points so far after starting October from the level of 40,571.48 but later dipping to 39,072.47 on Oct 5.

However, the KSE-100 Index is still below the 42,647.35 mark – the highest point reached on Sept 10 after the spectacular slide in March this year – mainly thanks to the sustained recovery seen in July and August.

On March 25, the KSE-100 Index had tanked to 27,228.80 with an over 12,000 points tumble in March. But the market had been witnessing a negative trend even before that after reaching the level of 43,207.05 on Jan 10.

Tuesday’s session saw Unity Foods Limited leading the pack of most active stocks with the trading of 77,967,500 shares. It was followed by Hascol Petroleum Limited and Fauji Foods Limited with 50,716,941 and 35,143,500 shares respectively.

Meanwhile, the top three advancers in terms of share price were: Trust Modaraba 29.43 percent, Tri-Star Mutual Fund 28.45 percent and First Tri-Star Modaraba 14.83 percent.