Stocks rally as PSX once again breaks record for daily traded volume

• Despite the large volume traded markets end on negative note with indices losing 119 points, or -0.38%, to close at 31,463 points.
• Benchmark KSE-100 Index also ends on negative note after losing 21 points, or 0.05%, by the close of the trading session to reach 46,790.
• Volumes were led by WorldCall Telecom Limited (WTL), with 950.2 million shares traded.

Pakistan Stock Exchange (PSX) on Thursday broke the daily traded volume record set just a day earlier, with an even greater number of shares exchanging hands at the Karachi Stock Exchange (KSE).

PSX data showed that 2.2 billion shares were traded across all the KSE indices breaking the record of 1.56 billion shares made during yesterday’s trading.

Read more: PSX breaks previous record of new daily traded volume, says Asad Umar

Despite the large volume traded, the market ended on a negative note with indices losing 119 points, or -0.38%, to close at 31,463 points.

Benchmark KSE-100 Index ends on negative note

The benchmark KSE-100 Index also ended on a negative note after losing 21 points, or 0.05%, by the close of the trading session to reach 46,790.

More than 512 million shares changed hands by the end of the session, with a total worth of nearly Rs29.6 billion.

Stocks of 396 companies were traded, of which 158 gained in value, 219 declined and 19 remained unchanged.

Read more: Shamshad Akhtar elected as first woman PSX Board chairperson

Volumes were led by Worldcall Telecom Limited (WTL), with 950.2 million shares traded. Hum Network Limited (HUMNL), Silk Bank, Byco Petroleum Pakistan Ltd and K-Electric Ltd closed out the top five symbols traded, with volumes of 172.5m, 126.5m, 123.9m and 75.17m, respectively.

WTL was up 0.62%, trading at Rs3.24; HUMNL was up 4.87%, trading at 8.19; Silk Bank was up 4.83%, trading at Rs1.52; BYCO was up 2.14%, trading at Rs10.49; while KE was up 2.64%, trading at Rs4.27.