On the third day of the trading week steady growth in the stock market before the Election, the Pakistan Stock Exchange (PSX) came to see the positive trend, where the Karachi Stock Exchange ‘KSE 100 index’ closed by 898 points on 41,016 points. In the first 15 minutes of the start of business, the index with an increase of one thousand points and the business had reached the highest level of 41,886 points.
While significantly lower than yesterday, trading continued on the higher side with 222.7 million shares worth Rs8.8 billion traded on the exchange. Of the 334 scrip’s traded, 81 advanced, 227 dropped and 26 remained unchanged. Commercial banking sector has been trading in the business volume of 4 million and 65 million shares while the chemical and transport sectors growth of Rs.45 million and Rs.35 million respectively. K-Electric business remained at first position with 28 million shares.
Meanwhile, Bank Of Punjab: 20.9m shares traded, Lotte Chemical Pakistan Ltd: 19.0m shares traded, Pakistan Intl. Bulk Terminal Ltd.(R): 9.5m shares traded and Pakistan Refinery Ltd: 8.9m shares traded.
According to the Stock Market Review Company Topline Securities, the investors accelerated the market taking part in the Pre-Election rally. Further, company said that the market share was the highest in last 3 months, while the volume increased by 36 percent last day.