PSX: Stock Trading Volume Reaches 16-Year High

The Pakistan Stock Exchange (PSX) witnessed a record one billion shares traded for the first time in 16 years thanks to penny stocks.

According to the details, the trading session at PSX depended on the number of shares, with World Call Telecom (WTL) accounting for only 37% and three companies, most of which accounted for 51%. In terms of shares, WTL remained at the top with 370 million shares and ended at Rs. 68 paise.

K Electric Limited came in second with a share price of Rs 4.54 and a turnover of 107 million shares. According to the report, other low-value companies topped the list in terms of shares traded.

On the other hand, the stock market remained down for the fourth day in a row and the KSE-100 index closed at 46,644 with a decrease of 30.48 points.

The cement sector traded against the trend, with 17 of the 19 stocks improving, ranging from 2.5% to 7.5%.

In the refinery sector, NRL gained momentum in the last moments of the business day and in other sectors, banking, autos, steel, technology and pharma also made Indian profits.

Exploration and production (E&P) stocks also improved significantly on the back of a record rise in oil prices in the international market but fell today.