Pakistan Stock Exchange gains 321 points
July 8, 2020 07:08 PM
The Pakistan Stock Exchange made significant gains on Wednesday as the KSE-100 Index was up by 321.54 points and closed at 35,694.89.
The share prices of 209 companies made gains and that of 119 suffered losses. Meanwhile, no change was witnessed in the share prices of 24 companies.
TRG Pakistan Limited remained the most active stock with 38,340,500 shares traded during the session.
The share price of Dawood Equities Limited made most gains it was up 28.90 percent while Capital Assets Leasing Corporation was the worst performer with its share price down by 19.80 percent.
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 as it currently stands at 35,694.89.
However, the KSE-100 is witnessing a positive trend this month as it has gained 1,281.30 points so far.