Roundup: Bullish trend at PSX continues with key index winning over 200 points

Source: Xinhua| 2020-07-29 21:44:30|Editor: huaxia

ISLAMABAD, July 29 (Xinhua) -- The Pakistan Stock Exchange (PSX) witnessed bullish trading activities on Wednesday as investors cheered that Pakistan had received over 500 million U.S. dollars from the World Bank, with the key index gaining over 200 points.

"SBP (State Bank of Pakistan) has received USD 505.5 million today from World Bank," tweeted the central bank on Tuesday.

The PSX's benchmark KSE 100-Index increased by 0.54 percent or 209.00 points to close at 38,836.27 points on Wednesday when compared with 38,627.27 points reported on Tuesday.

The trading session on Wednesday witnessed bullish trends as the main index moved in a medium band of 497.06 points to touch an intraday high of 39,124.33 points as against an intraday low of 38,627.27 points.

The KSE All-Share Index gained by 0.30 percent or 83.11 points to close at 27,336.53 points, the KSE 30-Index moved up by 0.45 percent or 75.99 points to end at 16,897.70 points, the KMI 30-Index surged by 1.12 percent or 693.36 points to conclude at 62,326.73 points, whereas the Islamic All-Share Index increased by 0.82 percent or 155.24 points to finish the trading session at 19,055.58 points.

Market volumes inflated by 28.90 percent or 113.946 million shares to 508.224 million shares on Wednesday when compared with the trading of 394.278 million shares posted on Tuesday.

Market value jacked up by 30.11 percent or 4.877 billion rupees to close at 21.073 billion rupees on Wednesday as against Tuesday's closing figure of 16.196 billion rupees.

Among 367 active scrips on Wednesday, the prices of 175 issues closed higher, 163 finished lower, whereas values of 29 other listed companies stayed unchanged.

K-Electric Limited, Pak Electron Limited, and TRG Pakistan Limited were the top traded companies with turnovers of 73.290 million shares, 35.320 million shares, and 30.782 million shares, respectively.

Colgate Palmolive Pakistan Limited emerged as the top performer of the day with an increment of 35.00 rupees per share to close at 2,295.00 rupees while on the other hand, Rafhan Maize Products Limited led the worst performers with a decrement of 390.00 rupees per share to finish the trading session at 7,500.00 rupees. (1 U.S. dollar = 166.35 rupees) Enditem