Latest Trending
Last Updated, May 29, 2021, 11:11 PM
Pak stock exchange sets new record of daily traded volume
Share This







By Sajjad Hussain

Islamabad, May 26 (PTI) The Pakistan Stock Exchange (PSX) on Wednesday registered an all-time high daily trading volume days after the government announced that the GDP would grow by nearly 4 per cent during the current fiscal year.

The capital market showed a record high traded turnover of 1.56 billion shares as the traded value increased by Rs 4.83 billion to Rs 28.34 billion, the PSX reported on its website.

The all-share volume increased by 885.98 million to 1,563.36 million shares, while the market cap rose by Rs 85.36 billion. The total number of companies traded was 423 compared to 418 during the previous session – 284 closed up, 125 closed down and 14 remained unchanged.

Planning Minister Asad Umar hailed the “new daily traded volume record” set by the capital market. “Today”s volume exceeded the previous record by 39 per cent. Market reacting to signs of sustained recovery,” he tweeted.

Umar said that it showed that the government was successful in containing the third wave of COVID-19 but hastened to warn that the “risk still remains”.

The PSX report showed that 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.

The news came just days after the government said that the economy was growing by 3.94 percent in the first 10 month was expected to touch the 4 percent mark by the end of the fiscal year on June 30. PTI SH AMS


Disclaimer: This story has not been edited by Outlook Staff and is auto-generated from news agency feeds. Source: PTI

24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com

Latest Post

4 Advantages of Owning Your Own Dump Truck

Last Updated,Oct 4, 2024

5 Characteristics of Truth and Consequences in NM

Last Updated,Sep 30, 2024

How To Make Your Wedding More Accessible

Last Updated,Sep 11, 2024

Ensure Large-Format Printing Success With These Tips

Last Updated,Sep 11, 2024

4 Reasons To Consider an Artificial Lawn

Last Updated,Sep 11, 2024

The Importance of Industrial Bearings in Manufacturing

Last Updated,Sep 11, 2024

5 Tips for Getting Your First Product Out the Door

Last Updated,Sep 11, 2024

Most Popular Metal Alloys for Industrial Applications

Last Updated,Sep 6, 2024

5 Errors To Avoid in Your Pharmaceutical Clinical Trial

Last Updated,Aug 20, 2024

Ways You Can Make Your Mining Operation Cleaner

Last Updated,Aug 12, 2024

Tips for Starting a New Part of Your Life

Last Updated,Jul 16, 2024

Easy Ways To Beautify Your Home’s Exterior

Last Updated,Jun 18, 2024