Pakistani stocks multiply gains, jump 2.50 pct

2017-09-13 13:30:57 GMT2017-09-13 21:30:57(Beijing Time) Xinhua English

ISLAMABAD, Sept. 13 (Xinhua) -- The Pakistan Stock Exchange (PSX) stayed bullish for the second straight day on Wednesday as the main index gained over a thousand points amid better interest from the stakeholders.

The Pakistan Stock Exchange's benchmark KSE 100-Index jumped by 2.50 percent, or 1,030.82 points, to 42,310.12 points on Wednesday when compared with Tuesday's close of 41,279.30 points.

The main index is currently trading 19.98 percent, or 10,566.34 points, lower when compared with an all-time peak of 52,876.46 points achieved on May 24, 2017. After dropping 5,358.30 points during first two months of the Financial Year 2018, the key index is showing signs of recovery as it has surged by 1,103.13 points in the month of September.

The KSE All-Share Index ramped up by 2.31 percent, or 683.18 points, to 30,236.13 points, the KSE 30-Index bolstered by 3.62 percent, or 758.13 points, to 21,721.23 points, the KMI 30-Index skyrocketed by 2.98 percent, or 2,079.90 points, to 71,783.61 points, whereas the Islamic All-Share Index gained 2.62 percent, or 540.83 points, to 21,177.41 points.

During Wednesday's trading session, the main index moved in a healthy range of 1,066.93 points as it touched an intraday high of 42,346.23 points as against an intraday low of 41,279.30 points.

Market volumes expanded by 74.38 percent, or 74.14 million shares, to 173.81 million shares on Wednesday when compared against Tuesday's trade figure of 99.68 million shares.

Market capitalization augmented by 2.04 percent, or 176.95 billion rupees, (1.66 billion U.S. dollars) to 8.83 trillion rupees whereas trade value inflated by 78.78 percent, or 4.26 billion rupees, to 9.67 billion rupees.

Among 388 active scrips on Wednesday, the prices of 285 issues advanced, 82 declined, whereas values of 21 other companies stayed unchanged.

Azgard Nine Limited, TRG Pakistan Limited, and Bank of Punjab were the top traded companies with turnovers of 22.08 million shares, 11.09 million shares, and 8.97 million shares, respectively.

Bata Pakistan emerged as the top price gainer of the day with an increment of 120.00 rupees to close at 2,980.00 rupees while on the other hand, Atlas Battery XD led the major price shedders with a decrement of 36.94 rupees to finish the day at 710.06 rupees. (1 U.S. dollar = 106.60 rupees)

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