Pakistan Stock Exchange makes modest gains

The Pakistan Stock Exchange managed to stabilise the situation after a volatile start and ended the session at 37,700.31 after a gain of 49.74 points, reported 24NewsHD TV channel.

Soon after the business started from the day’s level of 37,650.57, the KSE-100 Index down to 37,368.52. However, things didn’t get out of hand as the index bounced back to 37,938.87, but the gains were reduced to just over 49 points by the time the trading was closed.

A total of 277,052,680 shares of 378 companies were traded during the session. The share prices of a majority of them [216 companies] were down while 135 made gains and 35 remained unchanged.

Hascol Petroleum Limited continued to be among the top three active stocks as it was second on the list with 25,928,500 shares traded. The first was TRG Pakistan Limited and Hum Network Limited with 28,642,000 and 17,503,000 shares being the first and third respectively.

Meanwhile, Drekkar Kingsway Limited made the largest gains in terms of share price as its rate was up by 16.34 percent. It was followed Hum Network Limited 9.50 percent and Ashfaq Textile Mills Limited 9.08 percent.

However, Khurshid Spinning Mills Limited was the worst-performing entity after its share price shed 11.41 percent of value. With a 9.61 percent and 7.49 percent cut respectively, Shadman Cotton Mills Limited and Shahtaj Textile Limited the remaining worst possible performers.

After Tuesday’s modest gains, the KSE-100 Index is up by 3,278.39 points since July 1 after closing the last month at 34,421.92.