Yet another milestone by the Pakistan Stock Exchange marks market activity at an 18-year high one established on a traded value of Rs. 56.6 billion (USD 204 million).
This regular activity, as reported by Arif Habib Limited, has been the highest since February 2nd, 2007.
Furthermore, the KSE-100 index hit a new record closing high of 104,559 after gaining another 1,284 points today.
Traded shares stood at Rs. 56.624 billion with a total of 1,766,474,377 shares traded during the day.
The stock market had 464 positions trading amongst them 271 were in the green, while 159 were in the red and the share price of 34 companies remained unchanged.
Also Read: SBP MPC Meeting Anticipates Major Rate Cut in December
“While everyone is happy with the passage of KSE-100 into the magical 100,000 mark, one should not forget how well it has survived the tough phase from 2017 to 2023,” wrote CEO of Topline Securities Mohammed Sohail on X.
The benchmark index is still down 25 percent on its 2017 peak in terms of USD. To reach that, the index must touch the figure of around 140,000 points, given a stable PKR, considering the major currency devaluation over the years, he said.
Top volumes
The three main trading companies were Cnergyico PK Limited (PSX: CNERGY) with 246,707,903 shares, Worldcall Telecom Limited (PSX: WTL) with 89,419,070, and lastly Hascol Petroleum Limited (PSX: HASCOL) with 87,024,698.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| CNERGY | 6.72 | 6.72 | 6.0 | 1.0 | 246,707,903 |
| WTL | 1.47 | 1.53 | 1.45 | 0.01 | 89,419,070 |
| HASCOL | 14.72 | 14.84 | 13.7 | 1.19 | 87,024,698 |
| PAEL | 30.48 | 30.48 | 27.17 | 2.77 | 67,806,935 |
| SSGC | 32.24 | 32.24 | 29.8 | 2.84 | 61,811,720 |
| POWER | 8.09 | 8.13 | 7.5 | 0.54 | 58,501,362 |
| KEL | 5.71 | 5.93 | 5.59 | -0.05 | 56,938,645 |