PSX sets new record of daily traded volume at 1.56 billion shares

Published May 26, 2021
The capital markets remained positive throughout Wednesday's session as a variety of positive developments increased investors’ risk appetite. — AFP/File
The capital markets remained positive throughout Wednesday's session as a variety of positive developments increased investors’ risk appetite. — AFP/File

The Pakistan Stock Exchange (PSX) on Wednesday recorded an all-time high daily trading volume, with Planning Minister Asad Umar attributing the development to the market reacting to signs of sustained economic recovery.

The capital markets remained positive throughout today's session as a variety of positive developments increased investors’ risk appetite, registered by a record high traded turnover of 1.56 billion shares.

"New daily traded volume record set on the [PSX]. Today's volume exceeded previous record by 39 per cent," Umar tweeted.

He said it was reflective of the market reacting to "signs of sustained recovery" and "the successful containment of the Covid 3rd wave ... though risk still remains".

In Wednesday's session, WTL carried the lantern of gains for the investors, which added volumes of 707 million shares to the overall trading activity — almost half of the total intraday volume, while achieving a steep gain of 41.23pc in its share price, a closing report by Aba Ali Habib said.

The bullish trend in share prices parked the benchmark KSE-100 index at the 46,812.31 level with a gain of 511.65 points on Wednesday.

The index remained positive throughout the session, touching an intraday high of 46,855.59

Of the 97 traded companies in the KSE-100 index, 77 closed up and 20 closed down. The total volume traded for the benchmark index was 306.27m shares.

Sectors propping up the index were Commercial Banks with 147 points, Technology and Communication with 99 points, Oil & Gas Exploration Companies with 73 points, Textile Composite with 46 points and Food and Personal Care Products with 28 points.

The most points added to the index were by TRG which contributed 72, followed by OGDC with 45 points, PPL with 30, MCB with 29 and BAFL with 28.

Sector wise, the index was let down by Cement with six points, Paper and Board with five points, Tobacco with four points, Glass and Ceramics with three points and Chemical with two points.

The most points taken off the index were by FFC which stripped it of 22 points followed by FCCL with nine points, MLCF with nine points, EPCL with five points and PAKT with four points.

The all-share volume increased by 885.98m to 1,563.36m Shares, while the market cap rose by Rs85.36 billion.

The total number of companies traded was 423 compared to 418 during the previous session. Of the scrips traded, 284 closed up, 125 closed down, and 14 remained unchanged.

The traded value increased by Rs4.83 billion to Rs28.34 billion.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

One year on

One year on

Governance by the ruling coalition has been underwhelming and marked by growing authoritarianism.

Editorial

Climate funding gap
Updated 17 Feb, 2025

Climate funding gap

Pakistan must boost its institutional capacity to develop bankable climate projects.
UN monitoring report
Updated 17 Feb, 2025

UN monitoring report

Pakistan must press Kabul diplomatically over its tolerance of TTP terrorism.
Tax policy reform
17 Feb, 2025

Tax policy reform

THE cabinet’s decision to create a Tax Policy Office at the finance ministry has raised hopes that tax policy is...
Maintaining balance
Updated 16 Feb, 2025

Maintaining balance

It must take a more proactive approach to establishing Pakistan’s bona fides.
Welcome return
16 Feb, 2025

Welcome return

IT is almost here; the moment Pakistan has long been waiting for — the first International Cricket Council...
Childhood trauma
16 Feb, 2025

Childhood trauma

BEING a child in this society should not be so hard. But recurrent reports of child abuse — from burying girl...