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Stocks crossed 46,000 level on high activity

Islamabad: In a recent report, the Pakistan Stock Exchange (PSX) has observed another day of high investor involvement. For the second consecutive period, the stock volumes remained above 800 million which helped the benchmark index to break the 46,000 level for the first time since April of 2018.

Pakistan’s Large Scale Manufacturing Industries (LSMI) have recorded an increase of 7.41% during the July-November FY21 period as compared to last year. The LSMI increased output by 14.46% in November of 2020 when as compared to November of 2019.

According to the advisor Abdul Razak Dawood, the advisor to the Prime Minister tweeted that exports of home textile have increased 16%, readymade cloths 25%, and canvas 57% during the July-December period.

A total of 208 scrips managed to build up gains; 164 closed lower, while the value of 173 remained unchanged.

The overall market volumes appreciated further from 825.8 million shares in the previous session to 845.3 million shares. The benchmark index rallied mainly on the back of technology and communications and cement sectors.

For more updates on the Pakistan Stock Exchange (PSX) visit our website Property News.


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