News

Share prices go through the roof at PSX

April 17, 2020 12:01 PM


Amid positive news on economic fronts, the Pakistan Stock Exchange on Friday witnessed bullish trend as KSE-100 index closed shot up by over 1,500 points to 32,831.83 points as compared to 31,329.46 points on the last working day.

With the share prices registering an increase of 4.8 percent with surge of 1502.37 points in the index, the buying was so robust that the Stock Market operators had to halt the trading for 60 minutes due to the five percent increase in the KSE-30 index in early trading on Friday.

During the day, a total of 302,398,580 shares were traded compared to 119,102,323 shares traded during the previous day, whereas the value of shares traded soared to Rs8.601 billion as compared to Rs4.762 billion a day earlier.

See Also: IMF to announce relief in debt servicing for Pakistan

As many as 362 companies transacted shares in the stock market, out of which 319 recorded gains and 31 sustained losses whereas the share prices of 12 companies remained unchanged.

The three top traded companies were K-Electric Ltd with a volume of 23,239,000 shares and price per share of Rs2.89, Hascol Petrol with a volume of 21,340,500 shares and price per share of Rs14.24 and Bank of Punjab XD with a volume of 19,618,500 shares and price per share of Rs8.25.

Indus Motor Co recorded maximum increase of Rs55.12 per share, closing at Rs790.12 while Service Ind. LtdXB was runner-up with the increase of Rs50 per share, closing at Rs770.

https://www.youtube.com/watch?v=pOavNaBX4NU


Most Read

  1. Yet another burden on people: Govt hikes oil prices Yet another burden on people: Govt hikes oil prices
  2. Foreigners safe after suicide-bomber targets their van in Karachi Foreigners safe after suicide-bomber targets their van in Karachi
  3. Public reacts to Bohemia's music video ‘Salsa’ starring Sistrology Public reacts to Bohemia's music video ‘Salsa’ starring Sistrology
  4. Saudis offered PIA, airports, joint ventures to build five-star hotels Saudis offered PIA, airports, joint ventures to build five-star hotels
  5. Finance minister rules out further rupee devaluation Finance minister rules out further rupee devaluation
  6. Mehar Bano and Mamya Shajaffar’s bold dance videos invite public's wrath Mehar Bano and Mamya Shajaffar’s bold dance videos invite public's wrath

Opinion

  1. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  2. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  3. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  4. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  5. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  6. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer