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PSX gains 653 points on renewed confidence

MM News Staff by MM News Staff
November 26, 2020
Reading Time: 1 min read

KARACHI: Shares continued to head north today (Thursday) with the KSE-100 index recording gains of 653.49 points (0.54 percent) and settle at 41,031.03, after crossing the 41,000 barrier.

A total of 388,959,441 shares were traded on Thursday, with 375 companies available for trading, the share prices of 265 entities were up and of 81 down with no change in the value of 29.

Among other indices, the KMI 30 index inched gained 1357.51 points ending at 66,361.28, while the KSE All Share index closed with an appreciation of 350.55 points at 28,796.29.

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Sectors like cement, engineering, food and personal care products, oil and gas, pharmaceutical, textile and refineries were the best performing sectors. Maintaining the trend witnessed in recent months, Unity Foods continues to be among the most active stocks.

Similarly, TRG Pakistan occupied second place on the second consecutive day with 33,254,000 shares followed by 29,628,925 of Maple Leaf Cement.

Meanwhile, Fauji Fertilizer Bin Qasim (R) was fourth-placed with 29,628,925 of its shares trading hands and price going up by 11.42 percent, experiencing a complete change of fortune after seeing a 13.12 percent cut in its share price a day earlier despite being the most active stock in the market.

Meanwhile, First Credit and Investment Bank, Island Textile Mills, and Emco Industries were the top decliners with their respective share prices reduced by 10.14 percent, 7.25 percent and 6.67 percent.

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