Image Alt Text

News

Pakistan Stock Exchange up by 369 points

November 10, 2020 06:39 PM


The KSE-100 Index went up by over around 370 points on Tuesday as the Pakistan Stock Exchange consolidated the gains made in the current month after the nosedive experienced in the last week of October and the first session of November.

When trading closed for the day, the index stood at 41,153.05 after a net gain of 360.05 points which represented a 0.90 percent increase in value.

A total of 15,144,992,870 shares traded during a session where the prices of 182 companies increased. However, there was a cut in the value of 164 entities with change recorded in the case of remaining 25.

Most of the sectors had a mixed performance but the strongest showing came from the oil and gas sector where both exploration and marketing companies as well as refineries made profits amid the latest rise in price after the news about the successful initial results of the coronavirus vaccine boosted the international market.

However, seven out of the top 10 active stocks had their share prices lowered. That’s value of TRG Pakistan Limited, which topped the list, was reduced by 5.36 percent after the trading of 30,914,500 shares.

The next two on the list were Pakistan Refinery Limited and Al Shaheer Corporation Limited with 23,526,500 and 21,654,000 shares respectively. 

Meanwhile, three modarabas – Popular Islamic, First Paramount and Unicap – were the best performers in terms of gains in their share prices. The percentage increase for these entities was 12.26 percent, 11.78 percent and 10.53 percent respectively.

But the three worst performing companies were also from the financial sector. There details are given as: PICIC Insurance Limited 13.90 percent, Security Investment Bank Limited 10.61 percent and First Prudential Modaraba 10.61 percent.



Most Read

  1. Naseem Shah's fitness in doubt for World Cup after medical report Naseem Shah's fitness in doubt for World Cup after medical report
  2. Shagufta Ejaz under fire for sharing reproductive health condition Shagufta Ejaz under fire for sharing reproductive health condition
  3. TikToker gang-raped by three at Dadu party TikToker gang-raped by three at Dadu party
  4. Hira Khan’s Halal Boyfriend terminology sparks debate Hira Khan’s Halal Boyfriend terminology sparks debate
  5. Zara Noor enjoys rain at Karachi Seaview, invites Minal Khan Zara Noor enjoys rain at Karachi Seaview, invites Minal Khan
  6. Orange Line Metro Train: Bridging Nations and Palates – Mr. Yunlin's Unforgettable Moments in Lahore Orange Line Metro Train: Bridging Nations and Palates – Mr. Yunlin's Unforgettable Moments in Lahore

Opinion

  1. Orange Line Metro Train: Bridging Nations and Palates – Mr. Yunlin's Unforgettable Moments in Lahore
    Orange Line Metro Train: Bridging Nations and Palates – Mr. Yunlin's Unforgettable Moments in Lahore

    By Ali Ramay

  2. India’s invasion of Kashmir is violation of UN Charter
    India’s invasion of Kashmir is violation of UN Charter

    By Dr Ghulam Nabi Fai

  3. World Suicide Prevention Day: Creating Hope Through Action
    World Suicide Prevention Day: Creating Hope Through Action

    By Dr Asif Channer

  4. Gender equality: A pre-requisite for a balanced society
    Gender equality: A pre-requisite for a balanced society

    By Mehak Sabir

  5. Time to move on and build a better Pakistan
    Time to move on and build a better Pakistan

    By Murtaza Rafiq Bhutto