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Markets

PSX KSE-100 index crosses 41,000 points

KSE-100 Index started off at 40,514 points climbing up at intra-day and reaching 41,030 points at 12:00pm. PSX
13 Dec 2019
  • KSE-100 Index started off at 40,514 points climbing up at intra-day and reaching 41,030 points at 12:00pm.
  • PSX has been among top performing stock exchanges in the world, as from July to December 6 PSX has given a 19.8 percent return, the highest in the last 6 years.

The Pakistan Stock Exchange (PSX) benchmark KSE-100 Index hit the 41,000 points benchmark on Friday.

The KSE-100 Index started off at 40,514 points, climbing up at the intra-day and reaching 41,030 points at 12:00pm before PSX was suspended for Friday prayers.

At the time of publishing this report, Unity Foods was the volume leader with 16.803 million shares. It gained Re 0.15, followed by Bank of Punjab that also witnessed an increase of Re 0.16 with 13.942 million shares.

Meanwhile cement shares were doing well, with majority of companies gaining point, only Kohat Cement, Maple Leaf Cement and Safe Mix Concrete losing points.

The PSX has been among the top performing stock exchanges in the world, as from July to December 6 PSX has given a 19.8 percent return, the highest in the last six years.

Pakistan Stock Exchange closed on a negative note on Thursday, due to selling at the fag end.

The KSE-100 Index closed at 40,514.17, down 17.25 points or 0.04 percent. Trading activity also remained thin as daily volumes on the ready counter decreased to 227.022 million shares as compared to 305.027 million shares traded Wednesday.