The Pakistan Stock Exchange recorded the highest turnover in a single day in terms of trading volume and 1.56 billion shares were traded in a single day.
According to the Pakistan Stock Exchange’s website, half of the total shares traded in the 100 Index on Wednesday were sold by World Call Telecom.
The index is on track to cross the 47,000-point mark and closed at 46,812.31 points on Wednesday, up 511 points or 1.11 percent.
Today’s record turnover broke the record set in February this year when 1.12 billion shares were traded on February 11.
During the day, deals worth Rs. 17.6 billion were transacted, with a total of 390 stocks traded, of which 251 improved, 124 declined and 15 remained unchanged.
World Call Telecom Limited had the highest number of deals with over 707 million shares, while the company’s share price also rose by 41.23%.
Among the remaining top four companies, Hum Network Limited, Unity Foods Limited, Baico Petroleum Pakistan Limited, and Pakistan International Airlines were the most traded stocks.
The highest turnover was recorded in the banking sector at 146.80 points, followed by technology and communications at 98.20 points and oil and gas at 72.80 points.
Minister for Planning and Development Asad Umar said in a message on social networking site Twitter that a new record of daily trading volume has been set on the Pakistan Stock Exchange, today’s volume surpassed the previous record of 39% difference. The market is responding positively to signs of improvement.
New daily traded volume record set on the pakistan stock exchange. Today's volume exceeded previous record by 39 %. Market reacting to signs of sustained recovery. The successful containment of the covid 3rd wave..Though risk still remains.. Also adding to positive sentiment
— Asad Umar (@Asad_Umar) May 26, 2021
He said that measures taken to curb the spread of COVID-19 had also helped in a sustainable economic recovery but the threat was still there.