Pakistan Stock Exchange up by 181 points

By: News Desk      Published: 04:59 PM, 24 Aug, 2020
Pakistan Stock Exchange up by 181 points

The KSE-100 Index was up by 181.01 points and closed at 39,802.60 on Monday after a poor show last week as the Pakistan Stock Exchange started the new business week on a positive note.

Earlier on Friday, the market had managed to recover some of the early losses but the KSE-100 Index was still down by 246.96 points and closed at 39,621.59. The market suffered these losses after shedding 285.56 points during the previous session on Thursday.

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 only 421.14 points this month so far.

But the last business week ending Friday saw the KSE-100 Index shedding 669.15 points, thus erasing a huge chunk of the gains earlier made this month.

On Monday, a total of 172,644,481 shares of 351 companies were traded. Out of these, the share prices of 196 companies were up and of 132 down with no change recorded in the value of 23.

At one point, the KSE-100 Index slid to 39,473.11 after going as high as 39,824.56. But the market managed to experience profitability despite this fluctuation.

The biggest gainer in terms of share price was SME Leasing Limited with its value going up by 30.95 percent. It was followed by Media Times Limited with 19.20 percent and First Dawood Investment Bank Limited with 15.72 percent.

On the opposite end of the spectrum were Samin Textiles Limited, Saudi Pak Leasing Company Limited and Next Capital Limited with their share prices down by 9.46 percent, 8.82 percent and 8.80 percent respectively.

As far as the most active stocks are concerned, it was TRG Pakistan Limited whose 29,893,500 shares changed hands during the session. The other top two performers were Dewan Cement Limited and Pace (Pakistan) Limited with the trading of 23,459,500 and 23,457,000 shares respectively. 

Categories : Business