Stock Exchange in Pakistan: Is it Gaining During This Pandemic?
The PSX (Pakistan Stock Exchange) turned and showed a bullish trend at the index that closed at around 33,931.23 points compared to about 33,695.42 points. The stock market seemed positive this week as it rose to about 235.81 points, which is approximately 0.70 percent higher.
An overall stock of about 233,020,920 getting traded in the market; the market is getting a positive approach on the shares. The value of all the stocks is at around 10.184 billion PC when compared to 7.303 billion PC during the last trading day. There are about 341 companies that are transacting shares in the market. Out of those 341 companies, 191 companies are recording a significant gain in their market shares, and about 131 companies are sustaining losses. There are about 19 companies that don’t seem any change in their stock prices.
The companies that are trading high in the market are Unity Foods Ltd, with a volume of about 25,846,500 shares in the market, a price per share of about 13.28PC. Similarly, the Hascol Petrol Company is trading approximately 19,550,500 shares in the market with a rate of 14.71PC. Other companies like TRG Pak Ltd and Unilever FoodX are recording shares of about 16,481,000 with a price of about 27.68PC and 59PC, respectively. With the COVID-19 affecting economies, it would be interesting to see how the share market looks likes in the near future.