Pakistan Stock Exchange witnessed a 16-year high in terms of traded volumetoday.
According to Arif Habib Ltd, today’s volume galloped to 1.010 billionshares (ready volumes), which is the highest volume after 16 years.Previously, volumes of 1.086 billion shares were on February 23, 2005.
At the end of the day, the benchmark index, KSE-100, was closed at 46,664points, down by 30.48 points or 0.07 percent. The market opened sidewaysbut juggled between a range of 503 points, registering an intraday high of170 points and a low of 333 points.——————————
CEO of the financial advisory Alpha Beta Core, Khurram Schezad, toldProPakistani that PSX’s historic volumes trade was driven by a handful ofpenny stocks
He stated that this record volume of shares was seen after 16 years but isvery concentrated in terms of the number of stocks that contributed totoday’s huge volume.
Schezad noted that WorldCall Telecom (WTL) alone drove 37 percent of thetotal volumes today, while 51 percent of this historic volume has beendriven by only three, and mostly penny, stocks. The second was K-electric(KEL) (10 percent), and the third stock that contributed to most to thesevolumes was Telecard.Source: Alpha Beta Core link
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According to Topline Securities, the E&P sector closed 1.67 percent down onlower international oil prices. Investors were mainly concentrated in thecement sector where Pioneer cement, Kohat Cement, Cherat Cement, and LuckyCement closed higher.
In the All shares index, 1.01 billion shares were traded today, while 314million shares were traded in KSE-100. Shares of 368 companies were tradedoverall. At the end of the day, 161 stocks closed higher, 191 declined, and16 remained unchanged.
CRIPPRICEHIGHLOWCHANGEVOLUMEWTL 1.68 1.77 1.41 .42 370,396,500KEL 4.54 4.66 4.43 .09 106,876,000TELE 6.89 6.89 6.19 1 41,703,500PRL 27.88 28.72 27.4 -1.15 39,126,500FCCL 25.48 25.6 23.55 1.66 25,075,000MLCF 45.49 46.24 44.01 1.2 22,585,708SILK 1.54 1.65 1.43 .07 21,041,500
