Business week: business volatility, Pakistan stock market shows mixed trend

KARACHI Sep 30 (Online): During the business week which was limited to 4 days due to a one-day official holiday, the Pakistan Stock Market had a mixed trend after business fluctuations.

The KSE 100 index fell from 46400 points to 46200 points while the market capitalization increased by more than 12 billion rupees, but 46.40% share prices decreased.

In the Pakistan Stock Market, the market remained in the negative zone for 3 days out of the 4 days of the last business week and during this time the index decreased by 275.94 points, while the index recovered by 87.38 points in 1 day.

In the Pakistan Stock Market, last week’s SE100 index decreased by 188.41 points, which decreased from 46421.15 points to 46232.59 points. While the KSE All Shares Index increased from 31002.98 points to 31158.71 points.

Despite the business ups and downs, an increase of 12 billion 20 billion 3891 thousand 339 rupees was recorded in the market capital, as a result of which the total capital volume increased from 68.63 billion.

During brisk trading in the Pakistan Stock Market last week, the index touched a high of 46590.26 points at one point, but due to bearish wave, the index was seen trading at a low level of 46177.50 points.

In the Pakistan Stock Market last week, a maximum of 25 crore 90 lakh 46 thousand shares worth 6 billion rupees were traded while a minimum of 19 crore 56 lakh 74 thousand shares worth 5 billion rupees were traded.

Last week, a total of 1306 companies were traded in the market, out of which 604 companies increased their share prices, 606 companies decreased and 96 companies remained stable in their share prices.

By Business PIA, Pak Electron, World Call Telecom, Unity Foods Limited, Nishat Chunian Power, Koh Noor Spinning, Waves Corporation Limited, Thatta Cement M, K Electric Limited, Hum Network, Fuji Foods Limited, Sunar Jaco Pak Limited, Pak Refinery, Hiskol Petrol, TPL Properties, TRG Pak Limited, Maple Leaf, Oil and Development, Dewan Motors, Bank of Punjab, Sui Northern Gas, Image Pakistan and City Pharma Limited were the top names.