Bull-run sets in at Pakistan Stock Exchange

By: News Desk      Published: 05:10 PM, 29 Jul, 2020
Bull-run sets in at Pakistan Stock Exchange

The Pakistan Stock Exchange continued with the current profitable run on Wednesday after the KSE-100 Index closed at 38,836.27 after gaining 209 points.

With a total of 368,739,991 shares traded, the session saw the share prices of 175 companies going up and of 163 going down, while there was no change in the value of 29 entities.

The latest gains came as the stock market is witnessing a recovery this month since July 1 when the trend changed and the index started moving upwards continuously for the first time in the current year, making it the longest gainful streak during this period. 

As of Wednesday, the KSE-100 Index is up by 4,414.35 points since July 1 after closing the last month at 34,421.92.

Despite all the troubles faced by the people of Karachi thanks to the sole power generation and distribution company for the port city, the K-Electric was the most active stock during the session.

With 73,290,000 shares being traded, the K-Electric was also the third-best when it comes to gaining in value, as its share price was up by 9.69 percent.

Meanwhile, the share prices of Pakistan PVC Limited and Habib Metro were up by 13.88 percent and 11.49 percent respectively, making them the first and second in terms of gaining in their value during the session.

However, the worst performance in terms of share prices came from JA Textile Mills Limited whose value was down by 11.75 percent.