KARACHI ( WEB DESK )
Pakistan Stock Exchange (PSE) witnessed an overall bullish trend last week and the KSE-100 Index rose by 1,000 points, pushing the index beyond the psychological threshold of 44,000 points. With the addition of Rs. 81 trillion, the total volume of remittances has increased, thus increasing the business index by 0.22% and the share price has also increased by 54%. According to experts, with the completion of the draft economic review for the IMF team, the resumption of the IMF program 10 months from now, the news of receiving 9 950 million in the next few months consisting of two installments of loans, the PDM split against the government. Opposition movement weakens reading expectations, prospects for improvement in economic situation, investment of institutions and individual investors at the end of the calendar year, news of agreement between government and IPPs, The Prime Minister’s expansion of the amnesty scheme for the construction industry and experts predict a 15-20% growth in 2021, prompting investors to buy and make new investments, which led to a four-day rally in the Pakistan stock market last week. As a result of which the index increased by 1410.04 points while the statements made by the opposition against the upper echelons increased the tension on the political horizon. And in Sindh, investors were hesitant about the increasing cases of Corona, due to which investors did not take much interest in the market, so the index lost 392.01 points in a one-day decline. According to the weekly report in the Pakistan stock market. Last week’s KSE 100 Index recorded an increase of 1018.03 points from which the KSE 100 Index increased from 43416.77 points to 44434.80 points while the KSE 30 Index increased by 486.52 points to close at 18584.01 points from 18097.72 points. Similarly, the SEL Shares Index increased from 30444.49 points to 31169.49 points.
A total of 642.62 million shares worth Rs 27 billion were traded in the Pakistan Stock Exchange last week while 463.41 million shares worth a minimum of Rs 18 billion were traded last week. The index touched a high of 90 points but the index was also seen at a low of 43207.72 points on one occasion due to the downturn.
A total of 2,044 companies traded on the Pakistan Stock Exchange last week, of which 1,096 companies witnessed gains, 862 declined and 86 companies remained stable. In terms of turnover, K Electric Ltd., Unity Foods Ltd. Pak Limited, Pak Refinery, Ghani Global, World Call Telecom, Maple Leaf, Jahangir Siddique Company, Fuji Foods Limited, Pak International Bulk, Pak Electron, Baiko Petroleum, Ayesha Steel Mill, Haskol Petrol, Azgardnine, Baiko Petroleum, Silk Bank, Fuji Fertilizer, Power Cement, F. , Haskol Petrol, Azgardnine, Bio Petroleum, Silk Bank, Fuji Fertilizer, Power Cement, Fuji Fertilizer Bin Qasim and Hub Power topped the list.