Pakistan Stock Exchange down by 325 points

By: News Desk      Published: 04:26 PM, 25 Jun, 2020
Pakistan Stock Exchange down by 325 points

The Pakistan Stock Exchange suffered more losses on Thursday as the KSE-100 Index was down by 325.02 points (0.95 percent) and closed at 33,709.63.It was a miserable day for investors as the share prices of 214 companies were reduced, of 93 went up and of 27 remained unchanged.

Worldcall Telecom Limited proved to be the best performer with a total of 19,404,000 shares being traded. It was followed by Hum Network Limited and TRG Pakistan Limited with 13,413,000 and 12,538,500 shares respectively. 

In terms of percentage increase in share prices, Premier Insurance Limited was the biggest gainer. Its share price increased by 25 percent (Rs1). The second and third placed companies were Balochistan Particle Board Limited with 19.92 percent (Rs1) and Bilal Fibres Limited with 15.66 percent (Rs0.13).

On the other hand, Pak Refinery was the worst performing stock with its share price slashed by 26 percent (Rs0.26). The other two in the list were First Prudential Modaraba and Tri-Star Mutual Fund Limited with 19.19 percent and 17.65 percent respectively.

The unstable nature of trading at the Pakistan Stock Exchange is because of the economic uncertainty in the country, as no one among the decision-makers has any idea what should be done next. 

The KSE-100 Index was at 40,735.08 on December 31, 2019. It moved upward till January 10 and reached the level of 43,207.05. However, it was followed by a mini-slide with the index down to 39,296.70 on February 10.

But it was period from March 6 to March 25 during which the market went south as the index slid to 27,228.80, representing a loss of 12,153.11 points. Since then the market has been trying to recover from this freefall.