Business
May 27, 2021
Stocks on Wednesday ended higher on renewed economic hopes, hitting the highest ever turnover of 1.56 billion shares, led by Worldcall Telecom Ltd (WTL) that claimed the lion’s share of trade with 708 million shares, dealers said.
Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index gained 1.11 percent or 511.65 points to close at 46,812.31 points.
Analyst Muhammad Abdul Rafay at Pearl Securities said the benchmark index witnessed a gigantic session registering highest volumes in the history of PSX, where most of the 3rd tier stocks closed at upper circuit breakers including WTL, Hum Network and Pakistan International Airline (PIA).
“Optimism was triggered by the government s projection of even better economic numbers for 4QFY21. Also, investors took cue from the improving fundamentals of business and industrial activities, which further supported the sentiment.”
Reko-diq
Balochistan
Pakistan
Saeed-khalid
Muhammad-abdul-rafay
Worldcall-telecom-ltd
Hum-network
Djs-group
Moody
Ahsan-mehanti-at-arif-habib-corp
Pakistan-stock-exchange
Worldcall-telecom