KARACHI: Stocks roared ahead for the fourth consecutive day when the KSE-100 index jumped 511.65 points, or 1.11 per cent, to settle at 46,812.31. The ferocity of the bulls has carried the index up by 1,237 points, or 2.7pc, since last Friday.
On Wednesday, however, the stockbrokers, traders and investors were celebrating not as much the surge in index as the “all-time high volumes of 1.56 billion shares traded in a single day”. The previous highest number of shares in one day changed hands at 1.12bn on Feb 11, 2021.
It is a different matter that 708m shares, or 45pc, of the aggregate trading took place in the penny stock WorldCall Telecom which saw movement in stock price by 41.2pc to Rs3.22. The overwhelming interest in the telecom stock suggested some developments which were not known to all.
PSX rallies amid record turnover of 1 56bln shares
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
PSX rallies amid record turnover of 1 56bln shares
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.