KARACHI: The Pakistan Stock Exchange (PSX) surged on Wednesday as it regained control after days of volatile trading sessions.
The KSE 100 index surged in early trading by 255.56 points and continued an upward trajectory. It gained 476.6 points and reached its highest level of 47,627.59 points in intra-day trading. The bourse suddenly plunged and managed to retain control for trading was suspended.
The index ended with an increase of 241.90 (0.51%) points and closed at 47,377.38 points. The total volume of shares was 138.307 million valued at Rs8.586 bn.
The lower-bench KSE 30 index increased by 114.29 (0.61%) points and closed at 18,926.22 points. The total volume of shares was 37.061 million.
The KMI 30 index also surged by 448.35 (0.59%) and closed at 76,636.98 points, while the All-Share Index declined by 98.99 points (0.31%) and closed at 32,402.18 points.
The most active stock was by Ghani Global Holdings (GGL 2.28%) which traded 27.6 million shares on the bourse. This was followed by World Call Ltd (WTL -0.58%), Engro Polymer (EPCL 3.52%) and Byco Petroleum (0.74%). The total volume of scripts was 26.706 million, 25.980 million, and 20.459 million respectively.
Pakistan has received the third largest workers’ remittances amounting to $2.71 billion in July, the first month of current fiscal year.
The remittances in July dropped slightly by 2.1% compared to $2.76 billion received a year ago in July 2021. They stood almost 1% (0.7%) higher compared to $2.69 billion in the previous month of June 2021.
The bourse witnessed a sombe mood as coronavirus cases continued to mount in densely populated districts in the country.
