Pakistan Stock Exchange down 136 points
August 7, 2020 06:47 PM
The Pakistan Stock Exchange suffered some losses on Friday as the KSE-100 Index was down by 136.43 points and ended the day at 40,029.69 with the shares of 352 companies traded during the session.
A total of 352 companies were open for trading out of which the share prices of 171 were down, of 166 went up and of 15 remained unchanged.
The session saw the index vacillate between 40,465.95 and 39,971.11 after starting the day from the previous level of 40,166.12. It means the market could not sustain the gains made earlier in the session.
After closing July at 39,258.44, the KSE-100 Index ended the post-Eid week at 40,029.69 which means it gained 771.25 points during the first five business days of August.
Earlier on Thursday, the KSE-100 Index was up by 283.34 points as the index reached the level of 40,422.83, representing a gain of just under 600 points. However, the market experienced some correction after the initial bounce and ended the day at 40,166.12.
It was Unicap Modaraba which made the biggest gains in share prices – 46.15 percent – after experiencing a 25.71 percent on the previous day, making it the worst performer.
Meanwhile, Pervez Ahmed Consultancy Services Limited (15.38 percent) was the second-best gainer on the second consecutive day, followed by The Universal Insurance Company Limited with 13.88 percent.
On the other hand, Worldcall Telecom Limited with 144,414,000 shares traded was again the most attractive and thus active stock in the market. The next two companies on the list – Pakistan International Bulk Terminal Limited and Unity Foods Limited – had 52,630,500 and 50,407,000 shares traded respectively.