PSX: Bulls dominate market as KSE 100 closes over 41,500
October 21, 2020
The Pakistan Stock Exchange (PSX) on Wednesday continued its bullish trend, with KSE 100 Index ending on a positive note and over the 41,500 mark.
The benchmark KSE 100 Index gained 579 points, or 1.41%, by the close of trading to reach 41,535.
Also read: Markets sees bullish trend as KSE 100 hovers close to 41,000
Close to 398.4 million shares had changed hands by the end of the session, with a total worth of nearly Rs15.08 billion.
Stocks of 392 companies were traded, of which 244 gained in value, 130 declined and 18 remained unchanged.
Volumes were led by Unity Foods Ltd, with 64.4 million shares traded. Pakistan International Bulk Terminal (PIBTL), Hascol, Pakistan Refinery Limited (PRL) and Aisha Steel Mills Limited (ASL) closed out the top five symbols traded, with volumes of 64m, 47.2m, 39.4m and 37.7m, respectively.
Unity Foods share price was up 7.47%, trading at Rs21; PIBTL share price was up 5.44%, trading at Rs13.96; Hascol share price was down 0.12%, trading at Rs16.60; PRL share price was up 2.52%, trading at Rs19.09; while ASL share price was up 2.33%, trading at Rs16.70.
The index today began with an upward trend, in the back drop of Prime Minister Imran Khan's announcement that the country is heading in the “right direction” as Pakistan's current account recorded a surplus of $792 million in the first quarter of the ongoing fiscal year 2020-21.
The index also did not fall below the 40,956 mark on which it had closed the last day.
The market reached its highest at 2:52pm reaching the 41,613 mark. It saw a dip after that but still ended the day over the 41,500 mark.
