Karachi: A new record of buying and selling of shares on Friday has beenset in the Pakistan Stock Exchange (PSX) where the 100-Index increased by269 points, reaching 47,064 points.
According to the details, the Pakistan Stock Exchange (PSE) witnessed abullish trend on the fifth day of the business week and for the first timein the history of the country.The trading volume crossed 2.2 billionshares.Earlier on Thursday, the KSE 100-index witnessed a strong trend,gaining 182.13 with a positive change of 0.40 per cent, closing at46,097.11 points against 45,914.98 points.
A total of 766,643,209 shares were traded during the day compared to thetrade of 710,428,272 shares the previous day whereas the price of sharesstood at Rs19.932 billion against Rs19.656 billion the previous day.As manyas 408 companies’ transacted shares in the stock market, 242 of themrecorded gain and 149 sustained losses whereas the share price of 17companies remained unchanged.
On Wednesday, the stock exchange registered more than 1.5 billion sharestraded during the day. This is significantly higher than the previousrecord which was also recorded in 2021, on February 11 with 1.125 billionshares traded on that day.According to GNN, 49% of shares were traded inthe smallholdings market while 84% of shares were traded on the whole.
Read Top Stories
The total worth of the shares was Rs. 28.33 billion.Earlier, on February11, 2021, the highest turnover was 1.125 billion shares.In this regard, awell-known economist said that this is the time since 2004, not only thestock market but also the economic level is improving, now only one-thirdof the debt will be borrowed compared to 2018.
