Pakistan Stock Exchange gains 422 points, smashes 39,000 barrier

By: News Desk      Published: 05:11 PM, 30 Jul, 2020
Pakistan Stock Exchange gains 422 points, smashes 39,000 barrier

A bullish trend was witnessed at the Pakistan Stock Exchange on Thursday as the KSE-100 Index closed the session at 39,258.44 after a gain of 422.17 points.

The last working day before the Eid holidays saw the trading of 261,485,681 shares. The share prices of 212 companies were up and that of 132 shed some of their values. However, there was no change in the share prices of 19 companies.

It marked an eventful end to a profitable month for the stock market as the KSE-100 Index gained 4,836.52 points during the period, making it the best streak of gains in the current year after the worst southward movement it experienced in March.

On Thursday, it was Pakistan International Bulk Terminal Limited which remained the most active stock with 43,308,500 shares being traded. It was followed by TRG Pakistan Limited and Pak Elektron Limited with 27,910,000 and 18,067,000 shares respectively.

As far as the biggest gainers are concerned, the top three companies were from the textile sector. Leading the list was JA Textile Mills Limited whose share price was up by 28.05 percent. The next two companies were Samin Textiles Limited 16.46 percent and Quetta Textile Mills Limited 14.66 percent.

Meanwhile, the three biggest losers were from the financial sector. Their details are: Tri-Star Mutual Fund Limited 18.92 percent, Dawood Equities Limited 12.83 percent and First Elite Capital Modaraba 9.09 percent.