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PSX loses 46,000 points level to end with minor gains

KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday crossed the 46,000 points level before declining in later trading sessions and ended the day with minor gains.

The benchmark KSE-100 index surged in earlier trading and cross the 46,000 points level. The bourse reached its highest level of 46,220.40 points in inter-day trading.

The bourse, however, plunged in later day trading session and lost all again before trading was suspended. The bench gained 35.12 points (0.08%) and closed at 45,916.25 points. The total volume of shares traded at the bourse were 125.31 million valued at Rs6.513 billion.

The lower bench KSE 30 index managed a minor increase of 13.87 points (0.06%) and closed at 18.048.36 points. The total volume of shares was 57.595 million. The KMI 30 index closed at 74,211.81 points with an increase of 239.04 (0.32%) while the All Share Index increase by 44.38 (0.14%) and closed at 31,388.59 points.

The highest number of shares traded belonged to WorldCall Telecom Ltd (WTL 4.12%) which traded 133.908 million scripts. This was followed by Unity Food Ltd (UNITY 5.56%), Hascol Petroleum (HASCOL 2.67%) and Cnergyico PK Ltd (CNERGY 2.08%) The number of scrips traded were 39.147 million, 23.439 million, and 22.765 million, respectively.

This is the second consecutive day since bulls and bears have locked horns at the stock exchange due to a mixture of buying and selling pressure. The alarming rise in COVID-19 cases has subdued confidence of market participants. The stock market is anticipating corporate result announcements this week which has supported buying activity at the bourse.

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