The Pakistan Stock Exchange (PSX) saw an all-time high daily trading volume for the second consecutive day on Thursday, with 2.21 billion shares traded in a single session.
A day earlier, PSX made history with a record-high 1.56bn shares traded.
A closing note from Aba Ali Habib Securities stated that on Thursday the market succeeded in breaking yesterday’s volume record by a huge margin of ~ 654 million shares.
“The Pakistan Stock Exchange adds another feather to its cap by attracting an all-time high trading volume of 2.21 billion shares [a] One day, ”it noted.
However, despite a gain of over 391 points in early trading hours, equities witnessed a volatile session today, with the benchmark KSE-100 index down 21.56 points to end the day at 46,791 points.
The technology and communications sector continued to make headlines on Thursday, with 950m shares, or 43pc of the total trade, occupied by penny stock WorldCall Telecom (WTL) alone – the highest volume ever recorded in a scrip, according to one by Ismail Iqbal Securities. Daily Roundup.
According to the report, fertilizers, banks and auto index were the major backward, falling by 54 points overall.
“Expectations of better growth and populist budget proposals will continue to strengthen investor confidence [the] However, tomorrow’s trading may see some limited activity amid MPC anticipation,” said Aba Ali Habib.
PTI senator Faisal Javed Khan called it ‘another big news’ on Twitter.
On Wednesday, the KSE-100 index jumped 511.65 points or 1.11pc to close at 46,812.31, with Planning Minister Assad Omar reacting to signs of continued economic recovery, attributing record-high daily trading volumes to the market and “successful control” Kovid’s third. Wave”.