PSX surpasses 40,000 points as market trades over 800mn shares

KARACHI: The Pakistan Stock Exchange (PSX) surged on Thursday to regain the 40,000 points for the first time since February this year before the slump caused by the coronavirus pandemic.
The total volume of shares crossed 800 million mark only for the fourth time this decade. The total volume of shares traded was 826.043 million. The KSE All Share Index recorded its highest volume of 891.75 million on 20th September 2016.
The benchmark KSE 100 index gained 283.34 points and ended at 40,166.12 points. The indices gained 535.85 points to reach the highest level of 40,422.83 points.  The bourse declined in later day trading but quickly rebounded to close the day above the 40,000 points level. The total volume of shares traded was 334.9 million valued at Rs17.711 billion.
The lower bench KSE 30 index increased by 126.86 points and closed at 17,424.56 points. The total volume of scripts was 182.974 million. The KMI 30 index gained 447.10 points and closed at 64.310 points, while the All-Share Index gained 260.16 points and closed at 28,073.68 points.
The market leader was WorldCall Telecom Ltd (WTL 41.58%) which showed a massive increase in share prices. The total volume of shares of the company were 242.797 million.
The top active stocks were Power Cement (POWER 3.49%), Maple Leaf Cement Factory (MLCF 3.05%), and K-Electric (KEL 7.56%). The firms traded 45.267 million, 38.461 million, and 37.758 million shares, respectively.
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