Federal Minister for Planning Asad Umar said on Wednesday, Pakistan Stock Exchange broke its previous record of the new daily traded volume.
“New daily traded volume record set on the Pakistan Stock Exchange. Today’s volume exceeded the previous record by 39%,” tweeted Umar after trading was suspended at the PSX.
The minister said that the record showed that the market was “reacting to signs of sustained recovery”.
“The successful containment of the COVID third wave…though risk still remains…also adding to positive sentiment.”Tweeted Umar.
After the Pakistan Stock Exchange ended on a positive note on Wednesday, the benchmark KSE-100 index gained 511 points, or 1.11%, by the close of the trading session to reach 46,812.
More than 306 million shares changed hands by the end of the session, with a total worth of nearly Rs17.6 billion.
Stocks of 390 companies were traded, of which 251 gained in value, 124 declined and 15 remained unchanged.
Worldcall Telecom Limited (WTL), led the volumes with 707 million shares traded. Hum Network Limited (HUMNL), Unity Foods Limited, Byco Petroleum Pakistan Ltd, and Pakistan International Airlines Corp closed out the top five symbols traded, with volumes of 112.4m, 45.1m, 36.8m, and 36.5m, respectively.
WTL was up 41.23%, trading at Rs3.22; HUMNL was up 14.68%, trading at Rs7.81; Unity was up 3.53%, trading at Rs45.22; BYCO was up 1.38%, trading at Rs10.27; while PIAA was up 22.15%, trading at Rs5.35.
Stocks closed bullish amid record trades on robust data for $773m current account surplus for Jul-April’21 and reports of LSM growth of over 20pc YoY in April’21.
BVI High Court release of PIA assets in Reko Diq case, Moody’s upbeat review of economic growth potential, and surging global crude oil prices played a catalyst role in bullish close.