Asad Umar says record was an indicator of the market's 'reacting to signs of sustained recovery'
Federal Minister for Planning Asad Umar announced on Wednesday that Pakistan Stock Exchange has reached new heights after it broke its previous record of new daily-traded volume.
"New daily traded volume record set on the Pakistan Stock Exchange. Today's volume exceeded the previous record by 39%," tweeted Umar after daily trading ended at the PSX.
The minister said that the record was an indicator of the market's "reacting to signs of sustained recovery".
"The successful containment of the COVID third wave...though risk still remains...also adding to positive sentiment," tweeted Umar.
Benchmark KSE-100 Index gains over 500 points
The Pakistan Stock Exchange on Wednesday ended on a positive note, with the benchmark KSE-100 index gaining 511 points, or 1.11%, by the close of the trading session to reach 46,812.
More than 306 million shares changed hands by the end of the session, with a total worth of nearly Rs17.6 billion.
Stocks of 390 companies were traded, of which 251 gained in value, 124 declined and 15 remained unchanged.
Volumes were led by Worldcall Telecom Limited (WTL), with 707 million shares traded. Hum Network Limited (HUMNL), Unity Foods Limited, Byco Petroleum Pakistan Ltd and Pakistan International Airlines Corp closed out the top five symbols traded, with volumes of 112.4m, 45.1m, 36.8m and 36.5m, respectively.
WTL was up 41.23%, trading at Rs3.22; HUMNL was up 14.68%, trading at Rs7.81; Unity was up 3.53%, trading at Rs45.22; BYCO was up 1.38%, trading at Rs10.27; while PIAA was up 22.15%, trading at Rs5.35.